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According to a recent report by the consulting firm KPMG and the American Chamber of Commerce, about half a dozen American companies are eyeing an estimated $112 billion in opportunities as India goes on a buying spree to modernize its armed forces by 2016. India also plans to induct its first indigenously developed light combat aircraft, called the Tejas, into its air force in 2015
But commercial contracts worth billions of dollars that were expected to arise out of the landmark nuclear deal signed in 2008 have yet to materialize, because of disagreement over India’s restrictive domestic nuclear liability law and bureaucratic delays in mandatory assurances that Indian companies will not export American nuclear technology to other countries.