India and the US on Thursday night (4 June 2015) signed a new strategically important 10-year defence framework pact envisaging joint development and manufacture of defence equipment and technology including jet engines, aircraft carrier design and construction.
Both sides also finalized two project agreements for hi-tech mobile power source and next generation protective suits for chemical and biological warfare.
The framework agreement, which was decided during the visit of US President Barack Obama to India in January and focuses on issues ranging from maritime security and joint training, was inked by Defence Minister Manohar Parrikar and visiting US Defence Secretary Ashton Carter.
The new framework agreement provides avenues for high level strategic discussions, continued exchanges between armed forces of both countries, and strengthening of defence capabilities.
In addition, Parrikar and Carter agreed to expedite discussions to take forward cooperation on jet engines, aircraft carrier design and construction, and other areas.
The two also agreed to pursue co-development and co-production projects that will offer tangible opportunities for American defence industries to build partnership with the Indian industries including in manufacturing under “Make in India,” the statement said.