- India is lining up defence deals worth around $10 billion with the US over the next two-three years despite ongoing trade disputes and immigration concern.
- The latest deal being finalised by India under the foreign military sales programme of the US is for the acquisition of 10 more Poseidon-8I long-range maritime patrol aircraft for over $3 billion.
- The Navy has already inducted the (a)first eight Boeing-manufactured P-8Is which are packed with sensors and armed with Harpoon Block-II missiles (b)MK-54 lightweight torpedoes and (c)rockets and depth charges to detect and destroy enemy submarines in January 2009.
- The other deals in the pipeline include (a)24 naval multi-role MH-60 ‘Romeo’ helicopters (b)the National Advanced Surface to Air Missile System-II for the missile shield over Delhi and (c)six more Apache attack helicopters.
- Further,the US administration has expressed its opposition to India’s inking of the S-400 Triumf missile systems deal with Russia which was followed by another deal for lease of a Akula-1 nuclear powered attack submarine in March 2019.
- India has also resumed some payments to Russia for defence contracts inked earlier through a new mechanism that uses a mix of foreign currency and a Rupee-Rouble transfer system.
- Indian banks with exposure to the US had earlier suspended payments and instalments to Russia to avoid the threat of punitive sanctions under Countering America’s Adversaries through Sanctions Act (CAATSA).
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