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India-US bilateral defense trade to hit $18 bln


19 October 2019  

Time taken to read : 2 Minute


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WASHINGTON: Undersecretary Of Defense For Acquisition And Sustainment Ellen M Lord said the US is committed to strengthening its partnership with India while furthering military-to-military relationships and cooperation.

The bilateral defense trade between Indian and the US is expected to reach USD 18 billion by year-end, the Pentagon said on Saturday. The statement comes ahead of the ninth India-US Defence Technologies and Trade Initiative or DTTI group meeting in New Delhi next week.

The DTTI seeks to identify opportunities for co-development and co-production of military hardware, collaborate on science and technology projects and jointly explore policy changes needed to further the military relationship.

Undersecretary Of Defense For Acquisition And Sustainment Ellen M Lord said the US is committed to strengthening its partnership with India while furthering military-to-military relationships and cooperation.

“Bilateral defense trade, essentially zero in 2008, will reach an estimated USD 18 billion later this year,” she told reporters at the Pentagon.

(Agencies)

Publish Date : 19 October 2019 09:08 AM

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