"The logistics memorandum agreement between India and the US is only limited to logistics and mundane in nature. There is no question of India compromising on its security by signing the pact," Verma told reporters at the Press Club here.
He said the agreement would enable both countries to share bases, fuel and food and was a good recognition of where the bilateral ties stood today.
CPI(M) General Secretary Sitaram Yechury had earlier demanded the contents of the military logistics pact between India and the US be made public.
"Defence relations with India stand on its own and is not a buyer-seller relation," the Ambassador said.
He said both countries had important defence deals in the past as well.
"We have a special cell in the Pentagon that looks only after these matters and the US does not have this kind of arrangement with any other country," he said.
"US and India are the world's largest two democracies with 1.6 billion people. If the two countries are close friends, then the world will be a safer and a prosperous place. There is a ripple effect," Verma said.
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