India's Secretary of Defence Production, Ashok Gupta, said this during an interaction with US corporate sector here last week that was organised by US India Strategic Partnership Forum (USISPF) and attended among others by representatives from Boeing, Lockheed Martin, BAE systems, Honeywell and AECOM.
Sharing the contours of the US-India defence partnership, Gupta said, "The government of India would be open to consider 100 per cent FDI in defence, should the company be willing to provide full technology transfer," according to a media release issued by USISPF.
Executives from the US defence industry also complimented India on the progress that has been made under the 'Make in India' campaign, the statement said.
Mukesh Aghi, president of USISPF, spoke about the importance of dialogues where both sides can have a frank exchange, adding that, "collaboration between India and the US on defence and technology transfer are critical."
In his presentation, Gupta outlined the criteria by which US original equipment manufacturers (OEMs) can participate in the Indian defence market.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Access to Exclusive Premium Stories
Over 30 subscriber-only stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app