beyondbrics

Barack Obama’s visit to India might have lacked a little in emotion and showmanship, but in business companies from the world’s two biggest democracies signed or committed to a total of $15bn worth of deals.

Beyondbrics has compiled a breakdown of the deals between US and Indian companies – with their approximate value and estimates of the potential jobs they could create.

Heavy Transport Aircraft:

Boeing and the Indian Air Force have reached preliminary agreement on the purchase of 10 C-17 Globemaster III military transport aircraft, a deal that will make the Indian Air Force the largest owner of a fleet of C-17s outside of the US.
Deal value: $4.1bn. Potential US jobs created: 22,160.

Engine Sale for the Light Combat Aircraft:

General Electric Company on October 1 was declared the lowest bidder and selected to negotiate a contract to provide the Indian Aeronautical Development Agency with 107 F414 engines to be installed on the Tejas light combat aircraft.  The deal has yet to go through.
Deal value: $822m. Potential US jobs created: 4,440.

Commercial Aircraft Sale:

Boeing will sell SpiceJet, an Indian low-cost airline, sealed 30 new B737-800 commercial aircraft.
Deal value: $2.7bn. Potential US jobs created: 12,970 jobs.

Gas and Steam Turbine Sale:

General Electric Company singed a deal with Reliance Power, the energy group owned by billionaire industrialist Anil Ambani, to supply six advanced class 9FA gas turbines and three steam turbines for the 2,500-megawatt Samalkot power plant expansion.
Deal value: $750m. Potential US jobs created: 2,650.

Reliance Power and US Ex-Im Bank Agreement:

The US Export–Import Bank and Reliance Power signed a Memorandum of Understanding that will provide Anil Ambani’s power group up to $5bn to boost it electricity production.
Deal Value: $5bn. Potential US jobs created: Not specified.

Diesel Locomotive Manufacturing Venture:

GE Transportation and Electro-Motive Diesel  have been selected by the Indian ministry of railways as the sole two bidders for a venture to manufacture and supply 1,000 diesel locomotives over 10 years.
Deal Value: More than $1bn. Potential US jobs created: Not specified.

Sale of US Mining Equipment and Related Support Equipment:

The US’s Export – Import Bank approved more than $900m in export finance guarantees to Sasan Power, a subsidiary of Reliance Power, supporting the sale of US mining equipment and services from Bucyrus International of South Milwaukee, Wisconsin, and other U.S. vendors, in association with the 3,960-megawatt coal-fired Sasan power plant in Madhya Pradesh.
Deal value: $641m. Potential US jobs created: 3,460 jobs.

Several other smaller deals, below $10m, have also been signed.