Close

LOGIN

Remember me
Not a member?
or
Connect using:
Why BS?

We encourage visitors to register on Business Standard. Registering on the site is absolutely Free and offers you the following benefits.

Free Daily E-newsletter

Breaking News Alerts in your Inbox

Post Comments and Share your Feedback

Your Personal Business Standard Page

Free Portfolio of Stocks, Equity and Commodities Derivatives

Access Premium Services

Receive Selective Offers from our Third Party Premium Advertisers

Get Invited to Business Standard Events

Close

FORGOT PASSWORD?

Not a member?

US keen on increasing defence trade with India

US-India defense and trade relationship would benefit from linking defense sales with broader strategic goals

Related News

The US is looking to increase defence trade with India and Washington will seek to "address" any concern of New Delhi in this regard, apart from "familiarising the Indian government" with the US system, a senior State Department official has said.

"This spring I was in India for the first Political-Military talks in six years. Cumulative defense sales have grown from virtually zero to more than $8 billion since 2008," said Andrew J Shapiro, the Assistant Secretary of State for Bureau of Political-Military Affairs.

"One of the major goals we had during these talks was to make progress in advancing the defense trade. We sought to better familiarise the Indian government with our system and to address any concerns they may have," he said.

Shapiro, who had led a US delegation to India for the joint Political Military dialogue early this year, said one of the major goals during these talks was to "make progress in advancing the defense trade".

"We think the US-India defense and trade relationship would benefit from linking defense sales with broader strategic goals. That's why we specifically articulated the technical and political advantages that FMS offers," Shapiro said in his remarks to the Defense Trade Advisory Group.

Meanwhile referring to bilateral defence trade between the two countries, a top Pentagon official has said that India wants a relationship with the US which not just remains limited to mere business activities, but also enriches its proud technological heritage.

"They (India) have a proud technological heritage. Indians, want a relationship that enriches the heritage and not just (remains limited to) a buyer-seller relationship, said Ashton Carter, Deputy Secretary of DefenseCarter, who visited India early this week, said during his visit, he discussed with the Indian government ways to "strengthen and deepen" the technological cooperation between two nations.

Carter added such technology-sharing partnerships are long-established with countries like Japan, South Korea and Thailand.

"We've had longer partnerships with them. So much more is established, but much more remains to be done," Carter said, adding that he had held discussions with leaders of these countries in this regard.

Read more on:   
|
|
|
|
|
|
|
|
|
|
|

Read More

Jaya govt presents tax-free budget in Tamil Nadu

The Jayalalithaa Government in Tamil Nadu today presented a tax-free budget for 2013-14, proposing 'prudent fiscal management", amidst gloomy ...

Back to Top

Quick Links

Back to Top