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
-
Pushing the envelope on the loan guarantor and declaring him wilful defaulter without banks being asked to first exhaust the remedies aga... -
Shri Amitabh Kant, Secretary, Department of Industrial Policy and Promotion, Ministry of Commerce and Industry, Government of India ina... -
India tops the chart in showing attractive women in its movies and as much as 35 per cent of these female characters are shown with some ... -
All the top guns of the Telugu speaking states- Chandrababu, KCR and Jagan will be in Delhi today on their own political and pers... -
The Country Focus-China opened here today with the screening of film ‘Finding Mr. Right’ at Kala Academy.Directed by Ms. XueXiaolu the f... -
In Nigeria, at least 120 people were killed and 270 wounded when two suicide bombers blew themselves up and gunmen opened fire during wee... -
View: Buy; Tgt Price: Rs 2200 Beats expectations again! *PAT 14% above estimate : Britannia’s 3QFY15 results were better th... -
The proposed SAARC Motor Vehicle Agreement has wider scope for movement of all types of vehicles across SAARC member States and will be ... -
Petrol price has been hiked by 82 paise a litre while the diesel price has gone up by 61 paise per litre in Delhi including State levi... -
In a significant move, the Nottingham City in England is trying to attract about 30,000 and odd Indian business enterprises, mostly fro...