The Industrial Security Annex (ISA), signed between India and the U.S. at the second 2+2 dialogue in Washington, will open the door for U.S. defence companies to partner with the Indian private sector for several multi-billion dollar deals in the pipeline, including the one for 114 fighter jets. The two sides also took stock of the steps being taken to operationalise the foundational agreement, the Communications Compatibility and Security Agreement (COMCASA).
With this, three of four foundational agreements are through. The Basic Exchange and Cooperation Agreement for Geo-spatial Cooperation (BECA) is still under negotiation as both sides try to iron out few reciprocal issues.
“We hope that this [ISA] will enable smooth transfer of classified technology and information between private entities of the U.S. and India,” Defence Minister Rajnath Singh said at a press conference after the talks.
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