Black Friday is Now! Don’t miss out on up to 60% OFF InvestingProCLAIM SALE

India may seek other suppliers if U.S. will not sell drones - senator

Published 17/01/2015, 01:03
© Reuters. U.S. Senator Mark Warner holds up a graph of the one month treasury bond yield increase already being affected by the U.S. debt ceiling debate brinkmanship, on the steps of the U.S. Capitol in Washington
NOC
-
TXT
-

By Andrea Shalal

WASHINGTON (Reuters) - India may buy unmanned aerial vehicles, or drones, from other countries if the United States does not ease current export restrictions on such aircraft, a key Democratic senator said on Friday.

Senator Mark Warner of Virginia, who will join President Barack Obama during a trip to India on Jan. 26, said he was concerned that other countries could rush in to sell India the equipment it desires if the United States drags its feet.

"This is going to be a space ... where other countries are moving very quickly too," he told an event hosted by the nonprofit Atlantic Council. "If the Indians can't find a partner with the United States, they'll find one somewhere else."

U.S. aerospace and arms companies have been pressing the U.S. government for years to ease current tight restrictions on foreign sales of unmanned vehicles, arguing that other countries such as Israel are overtaking the United States in drone sales.

India, which is modernizing its military, is a big and growing market for U.S. weapons makers who are seeking foreign sales to help offset declines in U.S. defence spending.

Warner said he hoped that unmanned aircraft would be included as part of a broad U.S. push to expand defence ties with India but said he was not aware of any specific initiatives to be announced during Obama's visit.

U.S. and Indian officials are trying to work out pilot projects for joint production of drones and other weapons as part of the U.S.-India Defence Trade and Technology Initiative (DTTI), a source familiar with the effort said.

One drone project involves the RQ-11 "Raven" built by AeroVironment Inc, a small U.S. firm, but Northrop Grumman Corp, Textron Systems, a unit of Textron Inc and General Atomics, a privately held firm, are also seeking permission to sell their unmanned systems to India.

The U.S. government strictly controls foreign sales of larger UAVs but has approved sales of unarmed systems such as the Raven, which are used purely for surveillance to a range of countries, including Uzbekistan, according to a U.S. source.

Warner said he expected some announcements about joint defence projects during Obama's visit but said he had not been briefed on specific deals.

© Reuters. U.S. Senator Mark Warner holds up a graph of the one month treasury bond yield increase already being affected by the U.S. debt ceiling debate brinkmanship, on the steps of the U.S. Capitol in Washington

U.S. officials are weighing options as they seek to expand defence ties with India as Washington grows concerned about the extent of Pakistan's efforts to crack down on militants.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.