FACTBOX-Corporate America’s wish-list for Obama India trip

Nov 3 (BestGrowthStock) – Corporate America will turn up in force
for U.S. President Barack Obama’s first visit to India, with
more than 200 companies expected to attend a conference in
Mumbai that will be headlined by the president.

The U.S.-India Business Council will be the host for the
Nov. 6 event and says the U.S. corporate presence will mark
“the largest business delegation to leave U.S. shores in
history.”

It has high hopes Obama’s visit and his speech to business
leaders will spur trade between the United States and this
potentially lucrative Indian market of 1.2 billion people.
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That ambition is accompanied by a lengthy list of tangible
“deliverables” cementing ties between the two nations,
including a mixture of strategic steps removing obstacles to
future business and specific deals in the pipeline that U.S.
firms hope to seal.

Here are highlights of the council’s wish list, which also
provides a yardstick by which to measure the success of Obama’s
visit from the viewpoint of U.S. business:

DEALS

* Successful conclusion to Indian purchase of 10 Boeing
(BA.N: ) C-17s military transport planes, worth about $4.5
billion. The sale awaits U.S. congressional approval.

* Hopeful sale by Boeing in late October of 30 new 737
aircraft, worth $2.7 billion, to private Indian airlines.

* Sale by GE (GE.N: ) of fighter jet engines worth $800
million to the Indian air force and a separate $500 million
sale of heavy duty gas turbines to India’s Reliance Energy Ltd
(RELI.BO: ).

* Caterpillar (CAT.N: ): A $50 million marine engine deal for
the Indian Coast Guard.

* Building on Cummins’ (CMI.N: ) and Eaton Corp’s (ETN.N: )
progress in producing natural gas hybrid buses with the Indian
firm Tata Motors (TSB.BO: ) for the Commonwealth Games that are
now being used in the New Delhi transport system.

* Harley-Davidson (HOG.N: ): Plans a new plant in India to
assemble American-made motorcycle kits. The iconic U.S.
motorcycle maker announced in January it would launch 12 models
in India this year.

AGREEMENTS

* Loosening U.S. export controls and dual-use licensing
policies to foster high-tech and defense industry trade between
the countries by elevating the bilateral relationship to one of
a “true strategic partnership.”

* U.S. backing for Indian membership in global nuclear
nonproliferation regimes. The U.S.-India Business Council
specifically named the Nuclear Suppliers Group, the Missile
Technology Control Regime, the Australian Group, which aims to
reduce the spread of chemical and biological weapons, and the
Wassenaar Arrangement, a multinational effort to control the
transfer of conventional arms and dual-use technology.

* Revitalized negotiations on a Bilateral Investment
Treaty.

* Greater collaboration in commercial space and aerospace.
(Reporting by Alister Bull in Washington; editing by Jim
Marshall and Bill Trott)

FACTBOX-Corporate America’s wish-list for Obama India trip