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| India, US Share More Than Buyer- |
| India, US Share More Than Buyer-Seller Relationship'
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| UNITED STATES OF AMERICA
, 30-July-2015
13:35:9 PM |
| India and the US have decided to move away from a "buyer-seller" relationship to co-development and co-production, Indian envoy Arun K Singh has said, underlining that there is a huge opportunity for bilateral cooperation in various areas including in the economic sector.
The most important fact that provides firm basis to the Indo-US relationship is the "people-to-people interaction," the Indian Ambassador to the US said.
In an interaction with local Indian-American media in the Silicon Valley last week, Mr Singh said, India has the strongest relationship with the US.
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He said the defence cooperation with the US is strong. In the last four years, India has bought about USD 10 billion worth of defence supplies from the US, which is more than from any other country.
"It is the reflection of our relationship but what is new is that the two governments have announced to move away from the buyer-seller relationship" to co-development and co-production, Mr Singh said.
"We have identified six pathfinder projects for co-development and once that is in progress that will further deepen defence cooperation. As far as the joint military exercises of India and the US, it has been said that the largest number of military exercises both India and the US had with any country in the world, is with each other," the Ambassador said.
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