Factbox: Obama highlights $10 billion of deals in India

MUMBAI (BestGrowthStock) – President Barack Obama said on Saturday that U.S. businesses were concluding $10 billion in new export business with India as he began a 10-day Asian tour in Mumbai, the nation’s financial capital.

The White House says this will help to support around 54,000 jobs in the United States.

Here are some of the deals in the pipeline:

* Sale by Boeing of 30 new 737 aircraft, worth $2.7 billion, to private Indian airline SpiceJet. The White House says this helps to support over 12,000 U.S. jobs.

* However, details are still being ironed out on the Indian purchase of 10 Boeing C-17s military transport planes, worth about $4.5 billion. The White House said the two sides had reached preliminary agreement on the sale.

* Sale by GE of fighter 107 F414 jet engines to the Indian military. The deal is worth over $800 million.

* A separate deal with GE worth $500 million for the sale of six heavy duty gas turbines and three steam turbines to India’s Reliance Energy Ltd.

* Harley-Davidson 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.

* The White House said India had identified GE subsidiary GE Transportation, based in Erie, Pennsylvania, and Electro-Motive Diesel, of LaGrange, Illinois, a unit of Caterpillar Inc, as bidders to supply Indian railways with over 1,000 diesel locomotives over 10 years.

(Editing by David Stamp)

Factbox: Obama highlights $10 billion of deals in India