India is hopeful U.S. regulators will reinstate its top-tier aviation safety rating this year following a downgrade that placed restrictions on its fast-growing airlines, the country’s new ambassador to the U.S. said Friday.
Ambassador S. Jaishankar also said work is continuing on a new security agreement that could allow Indian companies to co-produce military equipment with U.S. partners. The U.S. last year overtook Russia as India’s largest source of arms imports by value.
The Federal Aviation Administration in January downgraded India’s aviation-safety ranking, citing inadequate oversight by local regulators. Though other countries have taken several years to regain the coveted Category 1 status, Mr. Jaishankar said India’s return could be swifter.
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