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Mahesh

23/06/23 06:48 AM IST

India-United States Defence Acceleration Ecosystem (INDUS X)

In News
  • India-United States Defence Acceleration Ecosystem (INDUS X) was launched at an event in Washington DC, USA recently.
About INDUS X
  • The INDUS X event was co-organised by Innovations for Defence Excellence (iDEX), Ministry of Defence, and US Department of Defence (DoD) and hosted by US-India Business Council (USIBC).
  • Under the program, Indian and US defence firms seek to identify opportunities to establish formal and informal mentoring with start-ups to assist with market access and technology know-how.
  • Further, Indian and US defence firms could explore options for supply chain collaborations with start-ups.
  • The event showcased innovative technologies by Indian and US start-ups.
  • 15 Indian start-ups and 10 US start-ups showcased their technologies in the domains of maritime, artificial intelligence, autonomous systems, and space to Indian and US stakeholders.
  • With support from our governments, closer cooperation between our private sectors and research institutions will catalyze innovation within our defense industrial bases.
  • INDUS X has the potential to be a catalyst for India to achieve its target of $5 billion in defense exports by 2025, and for India to diversify its defense supply chain.
  • PM Modi and President Joe Biden are expected to sign an agreement on the joint manufacture of GE-F414 fighter jet engines and the sale of armed MQ-9B Predator drones, both a first for a non-military ally of the US.
Source- PIB

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