New Delhi, September 13, 2024 — The INDUS-X Summit, organized by the U.S.-India Strategic Partnership Forum (USISPF) and Stanford University in the USA, was a groundbreaking event focused on bolstering a collaborative defense innovation ecosystem between India and the USA. The recently concluded third edition of the Summit, held on 9-10 September 2024, showcased a significant advancement in this strategic partnership.
During the Summit, IDEX (Innovations for Defence Excellence) India and DIU (Defence Innovation Unit) USA formalized their commitment to fostering cooperation in defense innovation and strengthening partnerships across industry, research, and investment sectors by signing a Memorandum of Understanding (MoU).
The event offered a unique platform for startups and Micro, Small, and Medium Enterprises to exhibit cutting-edge technologies. It facilitated in-depth discussions on emerging technology trends, support for startup growth, funding opportunities, and the enhancement of defense supply chains. Participants from various sectors participated in the Summit, including experts from the defense industry, investment firms, startups, academia, think tanks, accelerators, and policymakers from both nations.
Indian Joint Secretary (Defence Industries Promotion) Sh. Amit Satija, who led the Indian delegation, underscored the shared commitment of both countries to propelling defense technology through innovation and collaborative efforts.
Since its launch during Prime Minister Modi’s State visit to the United States in June 2023, the INDUS-X initiative has rapidly reached significant milestones, affirming its impactful progress.
Source: Ministry of Defence, India
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