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PM Modi & President Obama review deepening strategic partnership

The Prime Minister of India Narendra Modi and the President of the United States of America Barack Obama met today in the White House during an official working visit of Prime Minister Modi to the United States. Marking their third major bilateral summit, the leaders reviewed the deepening strategic partnership between the United States and India that is rooted in shared values of freedom, democracy, universal human rights, tolerance and pluralism, equal opportunities for all citizens, and rule of law. They pledged to pursue new opportunities to bolster economic growth and sustainable development, promote peace and security at home and around the world, strengthen inclusive, democratic governance and respect for universal human rights, and provide global leadership on issues of shared interest.

The leaders welcomed the significant progress made in bilateral relations between India and the United States during their tenure, in accordance with the roadmaps set out in the Joint Statements issued during Prime Minister Modi’s visit to the United States in September 2014 and President Obama’s visit to India in January 2015. The leaders affirmed the increasing convergence in their strategic perspectives and emphasized the need to remain closely invested in each other’s security and prosperity.

The steps that the two Governments have taken in the last two years through the U.S.-India Contact Group, including by addressing the nuclear liability issue, inter alia, through India’s ratification of the Convention on Supplementary Compensation for Nuclear Damage, have laid a strong foundation for a long-term partnership between U.S. and Indian companies for building nuclear power plants in India. Culminating a decade of partnership on civil nuclear issues, the leaders welcomed the start of preparatory work on site in India for six AP 1000 reactors to be built by Westinghouse and noted the intention of India and the U.S. Export-Import Bank to work together toward a competitive financing package for the project. Once completed, the project would be among the largest of its kind, fulfilling the promise of the U.S.-India civil nuclear agreement and demonstrating a shared commitment to meet India’s growing energy needs while reducing reliance on fossil fuels. Both sides welcomed the announcement by the Nuclear Power Corporation of India Ltd, and Westinghouse that engineering and site design work will begin immediately and the two sides will work toward finalizing the contractual arrangements by June 2017.

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NMTV was launched in the year 1999, and is Maharashtra only accredited 24-hour, 7-day-a-week local cable news station of Navi Mumbai airing news bulletins and programs in English, Hindi and Marathi. NMTV represents the state-of-the-art in local television news coverage, delivering on a commitment of responsible and community-oriented journalism on an around-the-clock basis.

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