India and the US have signed a new strategically important 10-year defence framework pact envisaging joint development and manufacture of defence equipment and technology including jet engines, aircraft carrier design and construction.
- Both sides also finalised two project agreements for hi-tech mobile power source and next generation protective suits for chemical and biological warfare.
- The framework agreement was decided during the visit of US President Barack Obama to India in January and focuses on issues ranging from maritime security and joint training.
- The new Framework agreement provides avenues for high level strategic discussions, continued exchanges between armed forces of both countries, and strengthening of defence capabilities.
- The two countries have also agreed to pursue co-development and co-production projects that will offer tangible opportunities for American defence industries to build partnership with the Indian industries including in manufacturing under ‘Make in India’.
- Framework also recognises the transformative nature of the Defence Technology and Trade Initiative (DTTI). DTTI is an important element of the Defence Agreement. The first framework agreement, which expires this year, was signed in the US in 2005 by the then Defence Minister Pranab Mukherjee and his then US counterpart Donald Rumsfeld.
Sources: The Hindu.