#Pentagon approves two technology transfer licences to India The Pentagon has approved two previously-stalled technology transfer licences to India and in an unprecedented move has set aside USD 20 million for strategic cooperative science and technology projects with New Delhi. While the decision in this regard was made just before Prime Minister Narendra Modis US visit, the announcement was made by a top Pentagon official during the annual gala of the US-India Business Cou... See More Pentagon approves two technology transfer licences to India The Pentagon has approved two previously-stalled technology transfer licences to India and in an unprecedented move has set aside USD 20 million for strategic cooperative science and technology projects with New Delhi. While the decision in this regard was made just before Prime Minister Narendra Modis US visit, the announcement was made by a top Pentagon official during the annual gala of the #US-India Business Council (USIBC) on Thursday. What is critical now is that we agree on some projects that we can use to continue building our relationship. Good intentions must lead to tangible results, or the momentum we have built will fade, said Frank Kendall, under secretary of defence for acquisition, technology and logistics during his address at the event. Kendall, who is Pentagons point person for the India-US defence trade and technology initiative (DTTI), however, did not give details about the two licences approved by the US.
Posted on: Sat, 11 Oct 2014 07:42:31 +0000
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