NEW DELHI, March 19 -- After concluding two foundational agreements to strengthen military cooperation in the past three years, India and the United States are inching closer to finalising a new pact to deepen defence industry collaboration, two officials said on condition of anonymity.
The two sides announced their readiness to start negotiations on an Industrial Security Annex (ISA) to shore up defence cooperation during the inaugural 2+2 dialogue last September.
The US has submitted a draft ISA to the defence ministry and is waiting for India to respond, said one of the officials. The conclusion of the ISA will allow the US government and American original equipment manufacturers (OEMs) to share classified information with local privat...