Going by the buzz in industry circles, easing of US export controls and removal of key Indian units from the list of 'banned entities' could be the next big thing during President Barack Obama's visit to India.
At present India is denied technology in 11 of the 16 categories on the list, just one short of both Pakistan and China. Most European nations figure in just four categories and Canada on just two counts.
India figures on the export control list of the Commerce Department on all three counts of chemical and biological weapons, two of national security, one of missile technology, and two of regional stability.
It is also denied technology on one of two reasons of nuclear non-proliferation and two of three reasons of crime control.
After the signing of the landmark India-US civil nuclear deal and India's avowed emergence as a “strategic partner”, analysts see no justification for denying India technology in so many areas.
“I believe they are doing something about it”, said Amit Mitra, secretary-general of Federation of Indian Chambers of Commerce and Industryhere last week.
“There is unprecedented interest in India again after the meltdown," he said, adding there is great scope for US companies in areas such as building components in security technology, upgrading security infrastructure, railways and aviation.