Obama announces $10bn worth Indo-US deals

Mumbai, Nov 6 (PTI) US President Barack Obama today announced that "several landmark" deals worth USD 10 billion (nearly Rs 44,000 crore) have been reached between the two countries for creating about 50,000 jobs in the US.

Expressing confidence that he was absolutely sure that relationship between the two countries was going to be one of the defining partnerships of the 21st century, he asked India to reduce trade barriers, while committing to reciprocate.

"There is no reason why India cannot be our top trading partner (from 12th position now)... I'm absolutely sure that the relationship between India and the US is going to be one of the defining partnerships of the 21st century," President Obama said addressing the US India Business Council meet as he started his three-day maiden visit to India.

"Several landmark deals have been done shortly before my arrival here.