WAHINGTON, DC (Diya TV) – Members of the bipartisan India Caucus have introduced legislation to fast-track weapon sales from the US to India, deepening defense ties and bolstering India’s security goals in the Indo-Pacific region. The legislation aligns India with other US partners and allies, streamlining the review and sales process for Foreign Military Sales. The move follows Prime Minister Narendra Modi’s state visit to the US, where defense and commercial agreements were signed. The legislation aims to strengthen the US-India strategic partnership and promote security cooperation in the Indo-Pacific. It addresses the need for a free and open Indo-Pacific amid China’s military activities in the region.
Amazon CEO Andy Jassy announced plans to double the company’s investment in India, pledging an additional $15 billion by 2030. Most of the capital will be directed towards expanding Amazon Web Services (AWS) in the country. Walmart, Amazon’s rival, has also invested over $2.5 billion in India this year. Additionally, Google CEO Sundar Pichai revealed the establishment of a global fintech center in Gujarat. Modi’s US visit attracted other commitments, including investments from Micron and Applied Materials in India.
Bangladesh and Nepal are set to sign a three-way power trade deal with India, allowing Bangladesh to import hydroelectricity from Nepal through India’s grid. The agreement is expected to be finalized within a month. Bangladesh has been struggling with blackouts due to fuel shortages, while Nepal has a surplus of hydroelectricity during the wet season. The proposed deal would provide Bangladesh with a much-needed supplement to its existing power generation capacity. Both countries aim to increase their use of renewable energy, and the agreement could contribute to regional energy sustainability.
Ravi Kapur contributed to this report.
