India-US Bilateral defense trade pegged at USD 25 billion
The bilateral defense trade between India and the United States has grown exponentially over the years and stands at USD 25 billion, U.S. Consul General Jennifer Larson said.
Hyderabad: The bilateral defense trade between India and the United States has grown exponentially over the years and stands at USD 25 billion, U.S. Consul General Jennifer Larson said. She was addressing at the day-long workshop in Hyderabad titled “Defense News Conclave: Stories of U.S.-India Defense and Security Partnership,” organized by CUTS International, US Consulate Hyderabad and US Consulate Kolkata.
“Few areas of U.S.-India relations have seen as much recent progress as the defense relationship. Over the last two decades, the U.S. has become a significant supplier of defense equipment to India and has become India’s largest military exercise partner,” Larson said.
“Bilateral defense trade with India has grown exponentially year-over-year. We were at essentially zero in 2008, and that number has grown to reach almost U.S. $25 billion by the end of 2023.”
The partnership between US and India aerospace companies for facilitating technology transfer and enhancing defense production capabilities has also bolstered the defense coordination between the two nations.
“Together, both nations have taken steps to improve interoperability and coordination and signed technical agreements to further expand India’s access to high-end American defense technology.”
Joint military exercises like Tiger Triumph in which the naval personnel are trained to work effectively in providing humanitarian assistance during disasters, will be carried out in March 2024, Larson announced.
The ongoing workshop is part of the series organized in several consular office locations including Kolkata, Hyderabad, Chennai, Mumbai and Delhi.
Ms Kalinga