INDUS-X defence initiative between US & India marks 1st anniversary
strategic partners to building a defence innovation bridge under the Critical and Emerging Technology Initiative, the US has said on the partnership's first anniversary. INDUS-X, which stands for enhanced strategic and defence partnership between India and the US, was launched on June 21 last year by the US Department of Defence and the Indian Ministry of Defence during Prime Minister Narendra Modi's state visit to Washington, DC.
«In its first year, INDUS-X has advanced both countries' commitment to build a defence innovation bridge under the initiative on Critical and Emerging Technology (iCET),» the Department of Defence said in a press release on Friday.
The iCET was launched by Prime Minister Modi and US President Joe Biden on the sidelines of the QUAD summit in Tokyo on May 24, 2022.
«INDUS-X has strengthened private sector cooperation between the United States and India by facilitating partnerships among defence technology companies, investors, and researchers,» the press release said.
The third INDUS-X Summit will take place in Silicon Valley in September 2024 with a focus on harnessing private capital for defence innovation, it said, citing a recent announcement by the White House.
The summit will be co-hosted by the US-India Strategic Partnership Forum (USISPF) and Stanford University.
The India-US defence and strategic ties have been on an upswing in the last few years.
The two countries have inked key defence and security pacts over the past few years, including the Logistics Exchange Memorandum
