HomeNewsBusinessEconomyIndia, US sign logistic exchange pact boosting defence ties

India, US sign logistic exchange pact boosting defence ties

Welcoming the signing of the bilateral 'Logistics Exchange Memorandum of Agreement' (LEMOA), Defence Minister Manohar Parrikar and US Defence Secretary Ashton Carter said the pact will facilitate opportunities for "practical engagement and exchange".

August 30, 2016 / 07:52 IST
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India and the US signed an important agreement that will make the two nations logistical allies and enable both the militaries to use each other's assets and bases for repair and replenishment of supplies.

Welcoming the signing of the bilateral 'Logistics Exchange Memorandum of Agreement' (LEMOA), Defence Minister Manohar Parrikar and US Defence Secretary Ashton Carter said the pact will facilitate opportunities for "practical engagement and exchange".

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LEMOA facilitates the provision of logistical support, supplies, and services between the US and Indian militaries on a reimbursable basis, and provides a framework to govern them.

"They agreed on the importance (that) this framework will provide to facilitate innovative and advanced opportunities in defence technology and trade cooperation. To this end, the US has agreed to elevate defence trade and technology sharing with India to a level commensurate with its closest allies and partners," said a joint statement after the pact was signed.