Q. With reference to the Defence Technology and Trade Initiative, consider the following statements:
1.It is an initiative between India and Israel
.2.It aims to strengthening India’s defence industrial base, exploring new areas of technological development and expanding business ties.
Which of the statements given above is/are correct?

[A] 1 only

[B] 2 only

[C] Both 1 and 2

[D] Neither 1 nor 2

Answer: B
Notes:

In PM’s recent US visit, both countries announced steps to deepen industrial cooperation, development of air-launched unmanned aerial vehicles under Defence Technology and Trade Initiative.

About the DTTI:

Statement 1 is incorrect: The Defence Technologies and Trade Initiative(DTTI) mechanism was launched in 2012 between India and the US. It is not a treaty or a law.

Statement 2 is correct: It aims to include strengthening India’s defence industrial base, exploring new areas of technological development and expanding U.S.-India business ties.

The initiative is led by Undersecretary of Defence for Acquisition and Sustainment from the United States and Secretary for Defence Protection from India.

Source: Modi visit to US has helped expand economic cooperation