United States and India to co-develop and co-produce state-of-the-art weapon systems 0908143.

Defence & Security News - United States /India

The decision to revive the floundering Defence Trade and Technology Initiative (DTTI) between the two countries, as also work towards the extension of the 10-year India-US defence framework, was taken after visiting US defence secretary Chuck Hagel held delegation-level talks with his Indian counterpart Arun Jaitley.

Jaitley, said, "The development of our own indigenous capabilities is a major objective that guides our present policies. In this direction, we have taken steps to raise the FDI cap (from 26% to 49%) in the defence sector. We look forward to work closely with the US in this regard," said Jaitley.

India has decided to assign this task to secretary, department of defence production, while the US will be represented by the under secretary for acquisition, technology and licensing at the Pentagon, a defence ministry spokesperson said.