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2mo ago

India and US Launch Ambitious 'Mission 500' to Boost Trade and Strategic Ties

Prime Minister Modi and President Trump set a $500 billion trade goal by 2030, expand energy and defense cooperation, and outline a new bilateral framework.

WASHINGTON DC, UNITED STATES - FEBRUARY 13: (----EDITORIAL USE ONLY - MANDATORY CREDIT - 'INDIAN PRESS INFORMATION BUREAU / HANDOUT' - NO MARKETING NO ADVERTISING CAMPAIGNS - DISTRIBUTED AS A SERVICE TO CLIENTS----) US President Donald Trump meets with Indian Prime Minister Narendra Modi at the White House in Washington DC, United States on February 13, 2025. (Photo by Indian Press Information Bureau / Handout/Anadolu via Getty Images)
Prime Minister Narendra Modi met US President Donald Trump in Washington. (AFP)

Overview

  • Prime Minister Narendra Modi and President Donald Trump announced 'Mission 500,' targeting $500 billion in bilateral trade by 2030 and initiating talks for a trade agreement by fall 2025.
  • The US-India COMPACT framework was unveiled, focusing on defense, technology, energy, trade, and regional partnerships across the Indo-Pacific and West Asia.
  • Energy cooperation received a major boost with commitments to increase US oil, gas, and LNG exports to India and plans for India to amend nuclear liability laws to enable US-designed nuclear reactors.
  • Defense discussions included India's potential acquisition of advanced US military systems, such as the F-35 stealth fighter, though no formal agreements on this were finalized.
  • Both leaders emphasized combating illegal immigration, strengthening people-to-people ties, and collaborating on critical technologies like AI, semiconductors, and supply chain diversification.