Hosts Roundtable Conference on Aerospace And Defense Trade
Washington, DCAt the cusp of a new era in US-India strategic partnership in defense cooperation and trade, USINPAC announces the creation of Defense Technology India America Cooperation (DEFTIAC), to facilitate comprehensive ground-work needed to catalyze the latent potential in the India-U.S. defense partnership.
Last week, DEFTIAC hosted its first roundtable conference to explore opportunities and potential of Aerospace and Defense trade between US and India. The conference was chaired by Vic Chauhan, Chairman and Co-Founder of DEFTIAC and attended Mr. Sudhakar Gande, Mr. Subramanya K Kusnur and Mr. Madhav Das Nalapat hailed as revolutionaries in the Aerospace and Defense sectors. From the US side were Ms. Sarah Kahn, Partner, Corporate and Co-Chair Aerospace Defense & Government Services at DLA Piper, Jay Tannon, private equity expert and Ingrid Henick, Vice President at the Cohen Group. The discussions centered on the Indian need for Transfer of Technology and the setting up of Joint Ventures to deal with offsets.
USINPAC recognizes the shift in bilateral US-India relations, especially the growing convergence of American and Indian defense interests. Defense Secretary Ashton Carter and his Indian counterpart Manohar Parrikar have engaged in several high profile visits to the US and India focused on the growth in defense cooperation and trade. Speaker Paul Ryan has invited Prime Minister Modi to address a joint meeting of the US Congress next month.
Co-chairs of the India Senate Caucus, Senator Mark Warner (D- VA) and John Cornyn (R-TX), last week introduced S. 2901, the US-India Defense Technology and Partnership Act in the Senate. A similar bill has been introduced in the House of Representatives this March. When ratified by Congress, this legislation would put India on par with America's closest defense partners, including NATO member states and Israel, sending a powerful signal that the US is a reliable and dependable defense partner to India.
For the US, the law will entail; the designation of an official to focus on US-India defense cooperation, facilitate the transfer of defense technology and maintain a special office in the Pentagon dedicated exclusively to the US-India Defense Technology and Trade Initiative (DTTI). For India, it encourages the government to authorize combined military planning with the US for missions of mutual interest such as humanitarian assistance and disaster relief, counter piracy, and maritime domain awareness.
"USINPAC lauds and supports these bills in the House and Senate. There is tremendous potential for commercial and security partnership, between India and the US. It will boost India’s role in maintaining stability and peace in the Pacific region and benefit both our economies," said Vic Chauhan.
The US India Political Action Committee (USINPAC) is the voice of over 3.2 million Indian- Americans and works on issues that concern the community. It supports candidates for local, state and federal office and encourages political participation by the Indian- American community. Visit www.usinpac.com for more details.