Barack Obama visit to India:-
President Obama and the First Lady traveled to India for three days, it is their first time visit to the South Asian nation since the govt. change in India. America and India are true global partners in the work of strengthening economies and strong democracies. That is why the President is the first to have visited India twice while in office.
The President and the Prime Minister of India welcomed President Obama as the chief guest at India’s 66th Republic Day celebrations — a day that honors when India’s constitution officially went into effect.President Obama is the first U.S. president to attend this historic event.
There was something unique about the Guard of Honor for President Barack Obama at the Presidential Palace in New Delhi on Sunday: it was led by a woman.As Mr.Obama walked past the ceremonial guard, he was escorted by Wing Cmdr. Pooja Thakur, a female officer in India’s Air Force.She also led the salute as the band played the national anthem of the United States and then of India.
The President and Prime Minister Modi pledged to enhance U.S.-Indian cooperation on our mutual climate and clean energy goals. From our highly successful U.S.-India Partnership to Advance Clean Energy (PACE) umbrella program to technical work on emerging technologies, the U.S. and India made important progress on combating climate change
The agreements include:
1.Enhancing bilateral climate change cooperation to achieve a successful and ambition agreement in Paris this year.
2. Cooperating on Hydroflurocarbons to make concrete progress in the Montreal Protocol this year.
3.Launching air quality cooperation to help urban residents reduce their exposure to harmful levels of air pollution.
4. trade between the two countries has increased by about 60 percent to nearly $100 billion a year — a record high. But that’s still hundreds of billions less than the trade we do with China.
“We’ve got to do better,” the President saidwhile speaking at a U.S.-India BusinessCouncil Summit in New Delhi. The President announced a series of additional steps that will generate more than $4 billion in trade and investment with India while supporting thousands of jobs in both countries:
The Export-Import Bank will commit up to $1 billion in financing to support “Made-in America” exports to India.
OPIC(The Overseas Private Investment Corporation), the U.S. Government’s development finance institution will support lending to small and medium businesses across India that will result in more than $1billion in loans in underserved rural and urban markets. The U.S. Trade and Development Agency will aim to leverage nearly $2 billion in investmnets in renewable energy in India.India and the US have broken logjam on nuclear deal and finalized the defence framework for the next 10 years.Obama, Modi Declare Progress on Civil Nuclear Trade.After talks, he and Indian Prime Minister Narendra Modi announced a breakthrough on civil nuclear trade issues.Both the leaders were addressing a meeting of the US-India Business Council on the second day of the US President’s visit that was attended by top corporate leaders of both the countries.