As part of the Clinton-Krishna 5-pillar strategy agreed in July 2009, strategic cooperation (nonproliferation, counterterrorism and military cooperation) forms the first pillar, and as such represents one of the most important and promising elements of the bilateral relationship as India plans to procure over $45b worth of advanced military and security equipment to modernize its armed forces over the next five years. To overcome roadblocks that stand in the way of critical tools addressing â€œareas of convergenceâ€ such as counter-terrorism, maritime security, cyber security, regional as well as global security, the Communications and Interoperability Security Memorandum of Agreement (CISMOA), among other agreements, must be signed. We must partner in combating terror. This means greater defense/security cooperation. The Medium Multi Role Combat Aircraft (MMRCA) sale (126 fighter aircraft procurement which includes Lockheed Martin and Boeing as strong contenders) is a crucial step in intensifying this vital relationship. Several other major programs, for which USIBC members are vying, are an important element in intensifying defense and strategic collaboration between the U.S and India. USIBC suggests raising the FDI cap for investment in Indiaâ€™s defense sector from 26% to 74%. This move will bolster confidence and enable U.S. companies to make more robust investment in activities that facilitate technology transfer. USIBC supports a robust strategic relationship with India, including transfer of defense technology and licensing â€“ in consonance with U.S. National Disclosure Policy and believes export controls policy should be reflective of the evolving strategic relationship between both countries.