Abstract: The defence industrial cooperation is a clear missing link in an otherwise expanding strategic relationship between India and the US. The one-way defence trade is not only out of sync with India’s traditional demand for technology transfer and license production from its arms suppliers, but is also contrary to Make in India initiative of the Indian government. It is, therefore, imperative for New Delhi in particular to find an industrial solution to its increasing yet skewed defence trade relationship with Washington. Besides demanding industrial benefits from all possible defence deals with the US in the future, New Delhi has to do a few more things to deepen the industry-to-industry cooperation with the US. Among others, it has to use its defence offset policy carefully to facilitate greater military-specific technology transfers for its industry; and at the same time lay a strong foundation for a robust in-house industrial base which can receive and absorb all such transfers. Full text available here.