On June 21, 2023, the U.S. Department of Defense (DoD) and Indian Ministry of Defence (MoD) launched the India-U.S. Defense Acceleration Ecosystem (INDUS-X) during Prime Minister Modi's official state visit to Washington, D.C. In its first year, INDUS-X has advanced both countries' commitment to build a defense innovation bridge under the initiative on Critical and Emerging Technology (iCET).
INDUS-X has strengthened private sector cooperation between the United States and India by facilitating partnerships among defense technology companies, investors, and researchers. The White House recently announced that the third INDUS-X Summit will take place in Silicon Valley in September 2024 with a focus on harnessing private capital for defense innovation. The summit will be co-hosted by the U.S. India Strategic Partnership Forum (USISPF) and Stanford University.