The 7th Defence Technology and Trade Initiative (DTTI) meeting which forms a part of Indo-US Bilateral Defence Cooperation was co-chaired by Secretary (Defence Production) Ajay Kumar and US Under Secretary of Defence for Acquisition and Sustainment Ellen M. Lord.
The DTTI meetings are held twice a year, alternately in India and the US with the aim of bringing sustained leadership focus on the bilateral defence trade relationship.
According to an official statement, Ajay Kumar told the meeting that the Indian government had taken a number of steps to give an impetus to Indian defence industry and its flagship 'Make in India' initiative.
Given the large defence outlay planned for India's defence requirements in the future, he said, the contribution of the industry, in partnership with foreign original equipment manufacturers to begin with, is expected to be significant.
"This will also contribute to overall growth of the economy and also have several opportunity benefits and downstream effects," he said.
Ellen Lord said the India-US defence cooperation was one of the core pillars of the defence relationship between the two countries.
She said the US had designated India as a 'Major Defence Partner' and expected the defence relationship between the two countries to be further strengthened.
She also stated that DTTI is an important forum leading to the 2+2 dialogue that is expected to be held on September 6 after it was twice put off in the last one year.
The government has established a number of Joint Working Groups under DTTI to take forward mutually agreed projects for the benefit of the Armed Forces.
Discussions on the formulation of a Standard Operating Procedure and the Industrial Security Annex are proceeding as planned, a Defence Ministry spokesperson said.
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