India, US sign statement of intent to boost dialogue on defence technology cooperation

News: India and the United States have signed a statement of intent to strengthen the bilateral dialogue on defence technology co-operation during the 10th Defence Technology and Trade Initiative(DTTI).

Facts:

• Defence Technologies and Trade Initiative(DTTI): The mechanism was launched in 2012.
• What is it? It is not a treaty or a law.It is a flexible mechanism to ensure that senior leaders from our nations are persistently focused on the opportunities and challenges associated with growing our defense partnership.
• Aim: To strengthen India’s defence industrial base, explore new areas of technological development and expand U.S.-India business ties.
• Led by: The initiative is led by Undersecretary of Defence for Acquisition and Sustainment from the United States and Secretary for Defence Protection from India.