Is this a sales pitch or a statement of US policy? If the latter, it might have more credibility coming from the US Secretary of State.
Bill, both Romney and Obama have been quite bullish on relationship with India, and their views are quite similar on this.
We need to work with the US on an equal level. There will be give and take, but we need to shed our old inhibitions of the cold war. Nobody is out to do anybody a favour.
Regarding US Pakistan, as long as both the countries shared a common goal and understanding the US kept on supplying weapons even when there were Dictators. The problem was with Pakistan, drifting towards China and adopting a jehadist mentality.
US had to pull the plug on pakistan because of their activities and not because of any back stabbing. You cannot harbor your allies enemy in your hinterland and continue to expect uninterrupted dole.
For India and US the paths of convergence are more than divergence. I say go for it and with the transfers in technology or with production units in India, we can built a robust defence industry in India.