I'm not very clear but atleast on records, it is categorically stated that troops won't be posted, so essentially there are no bases and hence no permanent presence.
But yes, how does this pact translate in times of conflict, remains to be seen.
At this moment, MTCR and LEMOA gives India, an unprecedented access to technology which was hitherto not available.
I do recall about 10-12 months back when
@PARIKRAMA used to mention the kind of deals that were offered by US defence contractors to India and honestly i was in doubts. However in terms of diplomatic time scale, things have moved very quickly and as things stand today, those offers by US companies can actually materialize, should India choose to.