- Mar 24, 2009
India, US agree on civil aviation cooperation - India Business - Business - The Times of IndiaWASHINGTON: India and the United States have agreed to increase their level of cooperation in the aviation sector, including its modernisation,and to meet the challenges in view of its rapid expansion.
The decision in this regard was taken following a series of meetings of visiting Indian delegation led by the Civil Aviation Secretary Madhavan Nambiar with members of the Obama Administration.
During the meetings, the two sides discussed the future direction of the bilateral cooperation, said the Indian Embassy in a statement.
The two countries agreed to work towards making Aviation Cooperation Program (ACP), signed in June 2007, more productive for India in its efforts to modernise the sector and meet challenges of rapid expansion in terms of safety, technology and communication support and air space management, the statement said.
It was agreed that the next Indo-US Aviation Summit would be held in the US in December 2009.
An agreement was also signed between the US Trade & Development Agency and Directorate General of Civil Aviation of India to fund projects under the US-India ACP, besides reviewing the progress of the Open Skies Agreement, 2005.
Over 2004-07, India imported more than USD 11 billion worth of aviation-related products from the US.
Some good news on the Indo US relations front. After all the negative things that we have been hearing on various issues.
Trade is the biggest puller between any countries, and more so with the US. If it sees the greenback, it will bend over backwards to accommodate one and all.