BUSINESS UNDERPINS INDIA-US DEFENCE DEAL – ANALYSIS ( Source- The Eurasia Review, Author- Sameer Patil)
Image credits- MEA Official Gallery Source- The Eurasia Review Author- Sameer Patil On January 25, India and the U.S. renewed their bilateral defence pact for 10 more years. The ‘2015 Framework for the U.S.-India Defense Relationship’ strengthens cooperation between the two countries in the areas of defence technology, military exchanges, and counter-terrorism.[1] For the first time, co-production and co-development are at the core of the defence engagement outlined in the framework, indicating the importance for India of technology transfers and indigenous manufacturing. The agreement makes India part of a group of nations that includes Japan, U.K., and Taiwan, with whom the U.S. cooperates on defence technology. Specifically, four pathfinder projects for co-production and co-development were identified through the Defence Technology and Trade Initiative of 2012, which serves as the guiding principles for the framework for cooperation. All the projects are experi