The India-United States Defence Acceleration Ecosystem, INDUS X was launched at an event in Washington DC, USA.
- According to the US Chamber of Commerce, INDUS-X has the potential to be a catalyst for India to achieve its target of USD 5 billion in defence exports by 2025 and diversify its defence supply chain.
- INDUS-X aims to pave the way towards the goals established in the US-India roadmap for defence industrial cooperation, capitalise on the tech-releasability outcomes that the industry anticipates from the US-India Initiative on Critical and Emerging Technologies (iCET), explore joint opportunities in high-tech defence innovation, research and development, and strengthen bilateral trade relationships and defence establishment linkages.
- It will also enhance connectivity between American and Indian defence startups to encourage greater collaboration in defence technology.
