India - Vietnam Strategic Partnership to grow to the next level with Defence Industry Cooperation
Indian Government is committed to the capacity building of the Vietnamese Armed Forces. We need to move to the next level of cooperation by providing assistance in developing the hardware of the Vietnamese Armed Forces and also the production capacity of the defence industry. Towards this the Indian Government has extended USD 100 million line of credit for defence procurement,” said Mrs Preeti Saran, Ambassador of India to Vietnam while speaking during the Seminar on Potential for India Vietnam Cooperation in Defence Industry in Hanoi.
HE Mr Nguyen Chi Vinh, Vice Minister of Defence of Vietnam welcomed the Indian assistance and expressed his hope to further strengthen the Indo-Vietnam strategic relations. Gen Vu Chien Thang, Director General of External Relations Department was also present in the Seminar.
Mr Sanjay Garg, Joint Secretary, Defence Industrial Promotion, Ministry of Defence who was leading the official delegation made a presentation on the Indian Defence industry’s capabilities and how these capabilities can be utilized to promote defence industrial cooperation between both the countries.
The Confederation of Indian Industry (CII) led delegation made several presentations on company specific capabilities ranging from design engineering to defence electronics to shipbuilding. CII has once again expressed its commitment to promote Public Private Partnership in the defence sector so that existing and upcoming capabilities can be optimally utilized not only to meet Indian Military Modernization requirements but also to supplement the similar requirements of the friendly foreign countries.
Besides, strengthening defence industrial cooperation will also give the Indian defence companies access to the foreign markets. Government of India is also keen to expand the global footprints of the Indian defence companies.
| |
India - Vietnam Strategic Partnership to grow to the next level with Defence Industry Cooperation
Popular Posts
-
Responding to media reports, State Bank of India (SBI) on Wednesday said that a plan to merge associate banks with itself was not under a... -
The Human Rights Watch said today that Pakistan’s government should rescind the suspension of fundamental rights and the grant of mi... -
If it disappears , then this is what it looks like?, Man on the Malaysian Airlines Flight MH17 Posts Before It Was Shot Down. Believe... -
Miami-based fast food chain Burger King announced it will enter the Indian market by opening its first outlet in south Delhi up-market Se... -
With the procession which passes through the main thoroughfares of Shahalibanda, Charminar and Nayapul, where the ghatam will be immersed... -
Telangana Chief Minister K Chandrasekhar Rao today expressed happiness over Bandaru Dattatreya finding place in the union cabinet. Narend... -
Popular Telugu film star and Congress star campaigner Chiranjeevi who failed to get clearance for his son’s proposed airlines when he wa... -
State-run Coal India (CIL) is considering possible stake buy in a railway project in Mozambique that helps the world's biggest coal m... -
Ahead of the Union Home Ministry scheduled meeting with the chief secretaries of Telangana and Andhra Pradesh Thursday , to discuss...
-
famous beaches in ap :- With a coastline of 970 kilometres, it is but natural that Andhra Pradesh will have some beautiful and exotic ...