The role of DTTI in developing new areas of technology cooperation in the defence sector through co-development and co-production assumes significance. It would help United States to tap the Indian market potential and at the same time, technology knowhow would make India less dependent on manufacturer at the time of repairing, upgrading and support.
Indo-US relations have their own dynamics and imperatives. The ties between the two countries have witnessed rapid expansion in different fields from trade to science, technology and defence in the recent past. In 2001, both the countries affirmed their commitments to transforming the bilateral relationship and inherent strength. The civil nuclear energy cooperation, the 'New Framework for India-U.S. Defense Relations' has helped in intensification in defence trade, joint exercises, personnel exchanges, collaboration and cooperation in maritime security and counter-piracy, and exchanges between each of the three services. There has been collaboration in other sectors also apart from defence.
United States and India, both are looking towards moving away from a buyer-seller relationship towards transfer of technology and joint development, joint production and joint marketing of latest weapons and technology. Consequently, on January 25 2015, both the countries took a big step by renewing their bilateral defence pact for 10 more years to strengthen cooperation among them in the areas of defence technology, military exchanges, and counter-terrorism. The agreement, which defines steps to be taken in the next 10 years to boost and enhance their bilateral defence partnership, incorporates for the first time a provision to co-produce weapons in India, along with transfer of technology through the Defence Trade and Technology Initiative (DTTI).
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