US rolls out red carpet to Modi with chips, jets investment

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US President Joe Biden on Thursday rolled out the red carpet for Indian Prime Minister Narendra Modi with major deals on fighter-jet engines, semiconductors and space, as Washington bets big on New Delhi as a counterweight to China.

Modi is being feted with the pomp of a state visit, only the third of Biden's presidency, in a calculated show of full-throated US support, despite quiet unease over India's refusal to break with Russia and what rights groups see as growing authoritarianism by the Hindu nationalist leader.

In one of the biggest agreements of the visit, that a US official described as"trailblazing," the United States signed off on a technology transfer for engines as India begins producing homegrown fighter jets. India has refused to join Western efforts to isolate Russia over its invasion of Ukraine and instead has seized on the crisis to buy discounted Russian oil.

India, a growing power in space, also agreed during Modi's visit to join the Artemis Accords, a US-led multinational effort to put a human back on the Moon by 2025.

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Musk meets Modi to discuss investment in IndiaTwitter owner and Tesla CEO Elon Musk said Wednesday he discussed potential 'significant investments' in India after meeting Prime Minister Narendra Modi in the United States.
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