- The defence framework agreement between the U.S and India will be renewed well before it gets expired in July 2015
- The defence technology and trade initiative decision was taken during the delegation level talk between Defence Minister Arun Jaitley and U.S. Secretary of State Chuck Hagel
- India is looking forward to associate with the U.S in development indigenous defence capabilities, and the major objective is to develop our own indigenous capabilities
- FDI cap has been raised in the defence sector and India is looking forward to work closely with the U.S in this regards
- The negotiations between the two countries for purchase of 15 Chinook heavy lift and 22 Apache helicopters had advanced significantly ahead of Mr. Hagel’s visit and the Defence Procurement Board was set to take a call on the $2.5 billion deal
- Procurement of 145 M-777 ultra-light howitzers discussions have not progressed
- Read at: http://www.thehindu.com/todays-paper/tp-national/india-us-to-take-forward-defence-trade/article6297414.ece