ROLE OF GATEKEEPERS ON THE EFFECTIVENESS OF CORPORATE GOVERNANCE
ROLE OF GATEKEEPERS ON THE EFFECTIVENESS OF CORPORATE GOVERNANCE Author (s) Mohd Uzair Full Text PDF Download Table of Contents…
India and the US have agreed on an ambitious five-year roadmap to deepen defense ties and counter China’s growing influence in the Indo-Pacific region. The plan focuses on strengthening industrial cooperation, building resilient supply chains, and collaborating on new technologies. US Defense Secretary Lloyd Austin met with his Indian counterpart Rajnath Singh in New Delhi to discuss these objectives.India and the US have agreed on an ambitious five-year roadmap to deepen defense ties and counter China’s growing influence in the Indo-Pacific region. The plan focuses on strengthening industrial cooperation, building resilient supply chains, and collaborating on new technologies. US Defense Secretary Lloyd Austin met with his Indian counterpart Rajnath Singh in New Delhi to discuss these objectives.
The two countries also aim to increase collaboration between their defense startup ecosystems. Regional security issues were discussed, as both nations share a common interest in maintaining peace and stability in the Indo-Pacific region. Austin’s visit precedes Prime Minister Modi’s trip to Washington on June 22, fuelling speculation about potential defense contracts.
India is considering purchasing 18 armed high-altitude long-endurance unmanned aerial vehicles from
General Atomics Aeronautical Systems Inc., worth an estimated $1.5 billion to $2 billion. These UAVs
are to be deployed along through India’s borders with China and Pakistan as well as within the strategic
Indian Ocean region.
Last month, discussions took place regarding production and manufacturing of combat aircraft engines,
infantry combat vehicles, howitzers, and precision ordnance during a meeting between the US-India
Defense Policy Group in Washington. India seeks jet engine manufacturing under technology transfer
agreements for its fighter aircraft.
In June 2016, the US appointed India a major defense partner which enabled the sharing critical military
equipment and technology. This marks Austin’s second visit to India; his previous trip occurred in March
2010.
The two countries also aim to increase collaboration between their defense startup ecosystems. Regional security issues were discussed, as both nations share a common interest in maintaining peace and stability in the Indo-Pacific region. Austin’s visit precedes Prime Minister Modi’s trip to Washington on June 22, fuelling speculation about potential defense contracts.
India is considering purchasing 18 armed high-altitude long-endurance unmanned aerial vehicles from
General Atomics Aeronautical Systems Inc., worth an estimated $1.5 billion to $2 billion. These UAVs
are to be deployed along through India’s borders with China and Pakistan as well as within the strategic
Indian Ocean region.
Last month, discussions took place regarding production and manufacturing of combat aircraft engines,
infantry combat vehicles, howitzers, and precision ordnance during a meeting between the US-India
Defense Policy Group in Washington. India seeks jet engine manufacturing under technology transfer
agreements for its fighter aircraft.
In June 2016, the US appointed India a major defense partner which enabled the sharing critical military
equipment and technology. This marks Austin’s second visit to India; his previous trip occurred in March
2010.
US-India defense trade has increased from nearly zero in 2008 to over $20 billion in 2020, reflecting the
strengthening ties between the two nations. This growth majorly depends upon India’s major purchases of US military equipment such as long-range maritime patrol aircraft, C-130 transport aircraft, missiles, and drones. The growing relationship comes amid China’s increasing assertiveness in the Indo-Pacific region and along its border with India.
Both countries have deepened their cooperation through key defense pacts and participation in the Quad Security Group alongside Japan and Australia. In May last year, PM Modi and President Joe Biden
announced the US-India Initiative on Critical and Emerging Technology (iCET) to expand strategic technology partnerships and defense-industrial collaboration. iCET aims to establish closer connections
between government, academia, and industry in areas like artificial intelligence, quantum computing,
5G/6G technologies, biotech, space research, and semiconductors.
Over recent years several important security agreements have been signed by both nations including:
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ROLE OF GATEKEEPERS ON THE EFFECTIVENESS OF CORPORATE GOVERNANCE Author (s) Mohd Uzair Full Text PDF Download Table of Contents…
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