India-U.S. trade to hit $500B by 2030.

• India and the U.S. plan to increase energy purchases from $15 billion to $25 billion in the near future.

• The two countries will collaborate on Small Modular reactors for India.

• The U.S. looks forward to the conclusion of a deal between General Electric and Hindustan Aeronautics Limited on General Electric F-414 engines for India’s Light Combat Aircraft-MK2.

• The U.S. and India will fully operationalize the U.S.-India 123 Civil Nuclear Agreement and jointly build U.S.-designed nuclear reactors in India.

• A partnership, “Transforming the Relationship Utilising Strategic Technology” (TRUST), will enhance cooperation across government, academia, and private sectors.

• The U.S. will invest in building resilient supply chains, such as the semiconductor fab in India.

• The two sides plan to convene partners of the IMEC group and I2U2 within six months to announce new initiatives.

• On illegal migration, the two countries will streamline legal mobility for students, professionals, short-term business, and tourist travel.