Saturday, December 20th, 2025

India-US bilateral defense trade to hit $18 bln



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

NCP to hold unity message rally in Kathmandu today

KATHMANDU: The Nepali Communist Party (NCP) is holding a unity

PM Sushila Karki says good governance, elections govt’s ‘sole focus’

KATHMANDU: Prime Minister Sushila Karki has said her government has

APF, East Bengal set for SAFF Women’s Club Championship final

KATHMANDU: APF Football Club and India’s East Bengal are set

Weather to remain mainly clear today

KATHMANDU: The weather will remain partly cloudy in Sudurpaschim Province

Economic Digest: Nepal’s Business News in a Snap

KATHMANDU: Economic Digest offers a concise yet comprehensive overview of