NEW DELHI: The bilateral defence engagement between the United States (US) and India is likely to reach $18 billion by the year-end, a top Pentagon official said.
“Bilateral defence trade that was essentially zero in 2008, will reach an estimated $18 billion later this year,” Undersecretary Of Defense For Acquisition And Sustainment Ellen M Lord told reporters at the Pentagon.
Lord further added that the US is committed to strengthen the partnership with India and accelerate military-to-military relationships and cooperation.
New Delhi is holding the ninth India-US Defence Technologies and Trade Initiative or DTTI group meeting next meet.
“As the US Department of Defense leads for DTTI, I am excited to continue working with our Indian major defence partner,” she added.
In August 2018, the US, according to her, granted the India Strategic Trade Authority Tier 1 designation, offering the country with greater supply-chain efficiency by allowing the US-based companies to export a greater range of dual-use and high-technology items to India.
The two countries would also participate in a tri-service military exercise in November this year, and demonstrate military to military relationship.
Traditionally, Russia remained a major supplier for defense systems in India.
In October last year, India and Russia inked a deal to buy $5.4 billion worth of Russian S-400 Triumf missile system, after three-year-long negotiations.