Why GE plan to make fighter jet engines in India is a big deal

News Snapshot:

NEW DELHI, June 22 (Reuters) - The aerospace unit of General Electric (GE.N) on Thursday announced it had signed an agreement with India's state-owned Hindustan Aeronautics (HIAE.NS) to jointly make engines in India to power fighter jets for the Indian Air Force. The announcement was timed to coincide with Indian Prime Minister Narendra Modi's landmark visit to the United States this week. The deal, called "historic" and "trailblazing" by officials, is considered the most significant of a number of agreements expected to be concluded between the two countries or their companies during Modi's visit, which ends on Friday. Below are...