The agreement, called Security of Supplies Arrangement (SOSA), marked the start of a four-day visit to the US by Defence Minister Rajnath Singh.
The two countries also signed a "Memorandum of Agreement regarding the Assignment of Liaison Officers," which will facilitate the posting of one military officer from each country with the military of the other. In the case of India, one naval officer will be placed with the US headquarters in Bahrain.
Interacting with the Indian diaspora after landing in Washington on Thursday, Rajnath described India and the US as natural allies.
"On August 22, 2024, the US Department of Defense (Pentagon) and the Ministry of Defence (MOD) of the Government of India entered into a bilateral, non-binding Security of Supply Arrangement (SOSA)," said the Pentagon on Friday.
SOSA will enable both countries to acquire from one another the industrial resources they need to resolve unanticipated supply chain disruptions to meet national security needs.
Esta historia es de la edición August 24, 2024 de Business Standard.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición August 24, 2024 de Business Standard.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor? Conectar
Higher volume, profitability gains for GAIL India
GAIL India's second quarter (Q2FY25) performance met expectations.
MULTI-ASSET ALLOCATION FUNDS: Ensure fund's equity exposure and strategy match your risk appetite
A recent analysis by Ventura Securities of 25 multi-asset allocation funds (MAAFs) reveals that many of these funds have outperformed a large number of equity schemes over 1-5-year timeframes.
Markets fall over 1% after two-day rally
IN THE RED Sensex intraday
Industry bodies urge FinMin to ease TDS rate structure
Proposal seeks to lessen compliance burden on taxpayers and avoid litigation
After SC rap, Centre doubles penalty for stubble burning
Burning issue
Proactively made all disclosures, recusals: Sebi WTM on Cong's charges
Ananth Narayan, whole-time member (WTM), the Securities and Exchange Board of India (Sebi), has responded to allegations of conflict of interest due to personal investments.
Market regulator may water down skin-in-game rules for MF executives
The Securities and Exchange Board of India (Sebi) has shown intent to relax the skin-in-the-game norms applicable to senior executives of the mutual fund (MF) industry.
MSCI adds 5 Indian stocks to key index
MSCI added five Indian companies to its Global Standard Index late on Wednesday, a move that brokerage Nuvama said would lift the country's weighting on the index to 20 per cent, further narrowing the gap with China.
Trump's triumph: Will bulls run amok and gold, silver sparkle?
Top brokerages highlight opportunities, risks, and contradictions the new administration may offer
REIMAGINING ROLE OF AGRICULTURE
In the changed context of economic development, agriculture is seen playing a much larger role than perceived in the dominant thinking in development economics