FACTBOX-Obama highlights $10 bln of deals in India

MUMBAI, Nov 6 (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 (BA.N: ) 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 (GE.N: ) 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 (RELI.BO: ).

* 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.

* 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
(CAT.N: ), as bidders to supply Indian railways with over 1,000
diesel locomotives over 10 years.
(Editing by David Stamp)

FACTBOX-Obama highlights $10 bln of deals in India