Indo US Trade Technologies and Trade initiative

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The ninth India-US Defence Technologies and Trade Initiative (DTTI) group meeting is scheduled to happen in New Delhi. A statement issued by the US Department of Defence said that the value of bilateral defence trade between the two countries is estimated to reach USD 18 billion later this year.
In August 2018, the US granted to India the designation of Strategic Trade Authority Tier 1 or STA-1, providing India with greater supply-chain efficiency by allowing US companies to export a greater range of dual-use and high-technology items to India under streamlined processes.

What is DTTI?
Essentially, DTTI is an initiative to provide “increased US senior level oversight and engagement to get beyond these obstacles.It simply describe the bureacratic mechanism to avoid obstacle over defence technological business and industrial relationship”
What are its aims?

While DTTI is not a treaty or law, it is a flexible mechanism to make sure that senior leaders from both countries are engaged consistently to strengthen the opportunities in the field of defence. Its aims include strengthening India’s defence industrial base, exploring new areas of technological development and expanding U.S.-India business ties.

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