US Department of Defence approved two technology transfer licenses to India
The US approved two technology transfer licences to India and set aside 20 million for strategic cooperative science and technology projects with India.
The US Department of Defence, Pentagon, approved two previously-stalled technology transfer licences to India on 9 October 2014.
The Pentagon also allocated 20 million US Dollars for strategic cooperative science and technology projects with India.
The announcement was made during the annual gala of the US-India Business Council (USIBC) held in Washington by Frank Kendall who is Pentagon's point person for the India-US Defence Trade and Technology Initiative (DTTI).
However, Frank Kendall did not give details about the two licenses approved by the US.
Other Decisions taken
• Kendall and his Indian counterpart Mohan Kumar of DTTI agreed to establish a written framework for DTTI.
• India will now work to finalise approval of the renewal of the Research, Development, Test And Evaluation Memorandum of Agreement (RDT&E MoU).
• They have also agreed to continue efforts to identify specific co-development and co-production opportunities.
• The acting assistant secretary of Defense for Research and Engineering of US Al Shaffer will continue to work with scientific adviser to the defense ministry to develop specific science and technology projects.