Updated: June 21, 2023, 01:12 AM IST
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In an unprecedented move, India and the United States… MoreIn an unprecedented move, India and the United States are set to form a joint venture on manufacturing advanced fighter jet engines. An extensive report suggests that the major deal will be between two well-known industry players: American conglomerate General Electric and India’s Hindustan Aeronautics Limited (HAL). The collaboration is designed to facilitate the transfer of an estimated 80 percent of the value of jet engine technology, cementing it as a significant step forward in international defense technology cooperation.