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The India-US defence trade, which has grown significantly in a short time, now stands at USD 21 billion, India's envoy has said, asserting that the bilateral military and security ties are stronger than ever before.
Ambassador of India to the United States Taranjit Singh Sandhu, said that India's designation as a Major Defense Partner' and accordance of Strategic Trade Authorisation-1 Status by the US and the signing of the four foundational agreements with Washington, will enhance military-to-military cooperation between the two countries.
India has signed the Logistics Exchange Memorandum of Agreement (LEMOA), Communications Compatibility and Security Agreement (COMCASA), Industrial Security Annex and the Basic Exchange and Cooperation Agreement (BECA) to facilitate mil-to-mil cooperation.
"Our defence trade has grown significantly in a short time, and today stands at over USD 21 billion," Sandhu said. (PTI)