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India and EU reach deals on trade, technology and security cooperation | ASHARQ AL-AWSAT English Archive 2005 -2017
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New Delhi – India and the EU on Wednesday signed agreements on trade, technology and security cooperation, and India underscored what officials said was a turning point in relations between the two sides by announcing a plan to spend US$2.2 billion (¤1.76 billion) on new Airbus planes.

The pact and the airline deal were signed at a European Union-India summit in the Indian capital, where British Prime Minister Tony Blair said there was evidence of

Intensifying relations between Europe and the emerging economic powerhouse of South Asia.

&#34This does mark … a significant change, a turning point in relations,&#34 Blair, whose country currently holds the rotating EU presidency, said of the India-EU agreements.

At the summit, Indian Prime Minister Manmohan Singh announced that state-owned India Airlines would buy 43 airliners from French-based European consortium Airbus for US$2.2 billion (¤1.76 billion). He didn”t release details, but the Press Trust of India news agency reported the airline would purchase 19 A-319s, four A-320s and 20 A-321 aircraft by 2010.

A joint statement released after the summit said India and the EU had pledged to boost anti-terrorism cooperation and crack down on terrorist financing and money laundering, The Associated Press reported.