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India US pact for security of supplies
August 29 , 2024
18 hrs 0 min
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- India and the US have signed a new Security of Supply Arrangement (SOSA).
- This agreement will prioritise supply of defence equipment and components to each other to meet urgent national security requirements.
- The agreement, even though not legally binding, will open new avenues for cross investments and partnerships between Indian and US companies
- India and the US are also negotiating another pact – the Reciprocal Defence Procurement Agreement (RDP).
- It will drastically increase opportunities for Indian manufacturers to engage with US defence majors.
- Once RDP is finalised, India will join a list of 26 countries accorded the status of being Defence Federal Acquisition Regulation Supplement (DFARS) compliant.
- Only these countries are qualified to supply significant components and parts for American military orders.
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