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Cabinet clears big military deal with US ahead of PM Modi's visit
The cabinet today has cleared the purchase of Boeing's Apache and Chinook helicopters in a deal worth around $3.1 billion. This deal was freezed just before Prime Minister Narendra Modi's visit to the US. This deal is the first big military contract for the US since PM Modi's government is formed.
The deal valued to be over USD 2.5 billions was pending since 2013 because of cost negotiation. The helicopter deal has survived over 10 price extensions from the American side with the last one being for a month as desired by India.

The US has been waiting for this deal to accomplish, as it will further boost American presence in the burgeoning Indian defence market. The contract will have clauses to place follow-on orders for 11 more Apaches and four extra Chinooks. The Apache helicopters are meant to replace the Indian Air Force's Soviet-era Mi-35 attack choppers.

PM Narendra Modi will start his US journey tomorrow. He will attend the UN General Assembly session in New York before heading to Silicon Valley where his appointments include a Townhall meeting at Facebook's headquarters.

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