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
-
Massive and widespread forest fires had been devouring the pristine forests 30 Kms east of Visakhapatnam and causing widespread destruct... -
Telangana Chief Minister K Chandrasekhar Rao said that his government will soon formulate an industrial policy, which would best suit all... -
Highly emotional Prime Minister Narendra Modi described the MOM movement as “historic” and India’s “spectacular” success. The mission has... -
Karimnagar District i s a district in northern Telangana. The city of Karimnagar is the district headquarters, and has a population ... -
Comptroller and Auditor General (CAG) has criticized the Railways for lack of financial discipline in implementation of projects. The CAG... -
Giving a boost to Andhra Pradesh Chief Minister N Chandrababu Naiud’s efforts to encourage more investments, the Pharma major SMS Phar... -
Google has launched the Consumer Barometer 2015, the most comprehensive free tool for planners looking to understand and compare how p... -
Bangalore-based Bookpad is the first Indian tech startup bought by Yahoo, which was acquired in a year it was created. The deal comes som... -
Hyderabad Nov 8: IT Minister K Taraka Rama Rao on Sunday congratulated Nitish Kumar and Lalu Prasad Yadav’s grand alliance for its... -
Telugu popular film star Young tiger Junior NTR is now a proud father. His wife Lakshmi Pranathi has reportedly delivered a baby boy,a...