India-US defence trade to reach $18 Billion this year

Ahead of the ninth India-US Defence Technologies and Trade Initiative or DTTI group meeting in New Delhi next week, the Pentagon on Saturday, 19 October said the bilateral defence trade between the two countries is expected to reach USD 18 billion by year end.

Under Secretary of Defense for Acquisition and Sustainment Ellen M Lord said the US is committed to strengthen its partnership with India while furthering military-to-military relationships and cooperation.

“Bilateral defence trade, essentially zero in 2008, will reach an estimated USD 18 billion later this year,” she said.