INDUS-X Investors’ Meet Precedes Indo-US 2+2 Dialogue

November 9, 2023

In anticipation of the upcoming 2+2 Indo-US ministerial dialogue, a key meeting under the aegis of Innovations for Defence Excellence (iDEX) of India and the US Department of Defence took place. This meeting marked the first INDUS-X investors’ gathering and the launch of the INDUS-X Educational Series (Gurukul).

Upcoming High-Level Dialogue

The Defence Minister of India, Rajnath Singh, and the Minister of External Affairs, Dr. S Jaishankar, are scheduled to meet with US officials Antony J Blinken and Lloyd J Austin III for the fifth edition of the India-US 2+2 ministerial dialogue. The dialogue aims to review advancements in defence and security collaboration, technology partnerships, and strengthen people-to-people connections.

Defence Innovation Challenges

At the INDUS-X event, it was communicated that two defence innovation challenges focusing on underwater communications and oil spill detection are progressing. Presently, the evaluation of applications from startups in both countries is in process. Notably, 297 startups have engaged via iDEX, with 30 receiving Acceptance of Necessity (AoN) and 10 contracts already signed.

Bilateral Representation and Opportunities

The Investors’ meet as a platform for startups, investors, incubators, and industry representatives to explore collaborative prospects in the defence sector. They encouraged participation in the joint IMPACT challenges and the newly introduced Gurukul Educational Series.

Launch of INDUS-X

The INDUS-X initiative was inaugurated in June 2023 during Indian Prime Minister Narendra Modi’s state visit to the US, aiming to bolster the strategic technology and defence industrial collaboration between the two nations’ governments, business sectors, and academic institutions.

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