India and US are Poised to take Defence Partnership to a New Level .


Union Minister for Finance Arun Jaitley and US Ambassador to India, Richard Verma release the Knowledge Partner Report by V. Lakshmikumaran during the 11th Indo-US Economic Summit in New DelhiOfficials say there is quite a few on the waiting list who have shown keen interest in working at the Pentagon's India Rapid Reaction Cell.

India and the United States (US) are poised to take defence partnership to a new level through co-development and co-production of technologies.

US Ambassador to India Richard Verma said, at the 11th Indo-US Economic Summit, “Ten years ago, the US and India conducted very little defence trade. What a difference a decade makes!  Over the last few years, the US has signed $10 billion in contracts for defence sales to India … Now, we are taking the security partnership to a new level as we embark on co-development and co-production of defence technologies,”.

He added further that India offers some “remarkable opportunities for American and Indian businesses alike.”Defence and Strategic relationship would be a key topic of discussion when US President Barack Obama meets Prime Minister Narendra Modi on the margins of the UN General Assembly in New York later this month.

India Rapid Reaction cell, he said, has been instrumental in accelerating the DTTI projects and has started the process to send some new proposals to India for co-production and co-development.The mobile hydroelectric initiative and for-the-next- generation initiatives required negotiations, conclusion and signing of bilateral agreements.