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Projects: iCET to establish ‘Innovation Bridges’ across key sectors in India-US

Fiinews by Fiinews
February 23, 2024
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Aramane calls upon India-US industry to further deepen the strategic bilateral partnership

A pivotal aspect of our burgeoning relationship is the iCET that aims to establish ‘Innovation Bridges’ across key sectors, including defence, through expos, hackathons, and pitching sessions, says Defence Secretary Shri Giridhar Aramane.

The Defence Innovation Bridge is a significant outcome of Initiatives on Critical and Emerging Technologies (iCET), launched jointly by Prime Minister Narendra Modi and President Joe Biden in 2022

The Innovation Bridge is serving as a catalyst for collaboration between US and Indian startups in the defence sector.

The Defence Secretary mentioned that the introduction of Joint IMPACT Challenges was a distinctive initiative aimed at collaboratively advancing defence and aerospace co-development and co-production initiatives.

“The incorporation of start-ups actively involved in pioneering solutions introduces a fresh dimension to the breadth and potency of this partnership,” he elaborated.

On the bilateral partnership in the aerospace and defence sectors, Aramane highlighted, “Our bilateral relationship is flourishing, with India increasingly turning to the United States for cutting-edge equipment and technology.

“The United States, in turn, sees India as a key partner in its Indo-Pacific strategy, leveraging India’s growing defence capabilities.”

Speaking at the second edition of INDUS-X Summit on 21 Feb 2024 in New Delhi, he also talked about the multilateral engagements where both the countries are stakeholders.

The Defence Secretary underscored the success stories of India’s defence production, ranging from shipbuilding, including aircraft carriers, to the development of advanced weaponry such as Tejas multi-role fighter aircraft, and attack and utility combat helicopters that has got the attention of international buyers across the globe.

Aramane called upon the India-US industry representatives and other stakeholders present in the Summit to further deepen the strategic bilateral partnership and harness the full potential of the cooperation.

“By leveraging our respective strengths and capabilities, India and the United States can play a pivotal role in shaping the geopolitical landscape of the Indo-Pacific, promoting peace, stability, and prosperity in the region,” he said.

The second edition of INDUS-X Summit was jointly organised by Innovations for Defence Excellence (iDEX), Ministry of Defence, and US Department of Defense (DoD) on 20-21 February, 2024 in New Delhi. The event was jointly coordinated by US-India Business Council (USIBC) and Society of India Defense Manufacturers (SIDM). The Summit emphasised the crucial role of technological innovation in defence within the broader context of the US-India Strategic Partnership.

The pioneering INDUS-X Summit 2024 was designed to foster collective progress for defence industries across borders, particularly to align the technological capabilities for startups and MSMEs, and also to engage in discussions, bilateral dialogues on various pertinent objectives under the realms of INDUS-X and propose relevant outcome & way ahead to take the INDUS-X initiative forward. Fiinews.com

Tags: Ministry of Defence
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