Source: The Hindu Business Line, Jun 08, 2016
New Delhi: The LEMOA or the defence logistics pact between India and the US inched closer to reality with both sides finalising the pact during Prime Minister Narendra Modi’s visit. The pact now requires approval of the Cabinet Committee on Security (CCS).
“The text has now been frozen. But, the whole agreement has to be approved by the respective departments. The final approval has to be given by the CCS. Once approved it can be signed at a junior official levels and not necessarily require the Defence Minister’s presence,” a senior official of the Ministry of Defence told BusinessLine. Read the rest of this entry »