What is INDUS-X?
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India-United States Defence Acceleration Ecosystem (INDUS X) was launched at an event in Washington DC, USA on 21 June 2023. The INDUS X event was co-organised by Innovations for Defence Excellence (iDEX), Ministry of Defence, and US Department of Defence (DoD) and hosted by US-India Business Council (USIBC).Shri Anurag Bajpai, Joint Secretary (Defence Industries Promotion), MoD, led the Indian delegation in the two-day INDUS-X event on 20-21 June 2023. A reception for Indian and US Government representatives, defence start-ups, think tanks, incubators, investors, industries and other stakeholders was orgainsed on 20 June 2023.The third edition of this summit is set to take place on September 9-10, 2024, at Stanford University in California. The goal of the summit is to strengthen the collaboration between the U.S. and India, especially in defense innovation.The theme for this year’s summit is “harnessing investment opportunities to enhance cross-border defense innovation ecosystems.” This means that a lot of attention will be given to how private investments (money from businesses and investors) can help drive innovation in defense technology.