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India today invited American business to invest in the burgeoning aviation sector, saying there is huge potential for investment of up to $130 billion over the next 10-5 years.
At the third US-India Aviation Summit here, India and the US signed the Implementation Procedures for Airworthiness agreement that would open up the huge market for indigenously developed aeronautical products in the US and the world over. The pact provides for airworthiness technical cooperation between the US Federal Aviation Authority and the DGCA.
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