India, US likely to agree on fighter jet engines manufacturing deal during PM Modi visit

News Snapshot:

The US and India are likely to agree to jointly manufacture fighter jet engines when Prime Minister Narendra Modi visits Washington next week. The deal, if approved, would involve General Electric Co. partnering with state-owned Hindustan Aeronautics Ltd . to produce engines for the Tejas light-combat aircraft. The collaboration reflects a strengthening military cooperation between the two nations in response to China's increasing assertiveness. The deal is close to the finish line, according to people with knowledge of the matter, who asked not to be identified as the details are confidential, as reported by news agency Bloomberg. PM Modi will...