siliconindia logo
Facebook Twitter google+ RSS Feed

India, South Korea Sign Pact For Defence Shipbuilding

Friday, 21 April 2017, 10:59 Hrs
33
cmt right
27
Comment Right
29
cmt right
6
cmt right
Printer Print Email Email


NEW DELHI: India and South Korea signed an agreement today to firm up bilateral cooperation in defence shipbuilding.



Under the MoU, conceived under the umbrella of the special strategic partnership, the two sides will nominate one shipyard each for this purpose.



India has already picked Hindustan Shipyard Limited (HSL) while Korea will make the nomination soon, Secretary (Defence Production) Ashok Kumar Gupta said.



Gupta and Koreas Minister of Defence Acquisition and Programme Administration Chang Myong Jin signed the agreement here.



"It will enable HSL to upgrade and modernise its facilities so as to enable it to execute naval projects in a timely manner," Gupta said, adding the whole initiative was part of the Centres Make in India initiative.



Jin said the agreement will form the basis of defence cooperation between the two countries in shipbuilding.



Gupta also said that the agreement will be useful for the development of vendors for supply of material.



"That will generate huge employment and will also increase the turnover of HSL," he said. 



Read Also:
Huawei Keen On India's Smart City Project: Official
India Records Impressive Growth In Recent Years, GST A Major Step: IMF


Source: PTI
Experts on SiliconIndia
Santhosh  K
Sr. Soft. Engg.
Oracle India
Nehal Vyas
Sr. Team Lead
Cyberoam Tech.
Rani Malli
Sr. Director
Philips
Sr. Executive
ISB
Vijay Balkrishna Konduskar
Business Consultant
Imans Web Tech
Dr L P  Sharma
Technical Director
NIC
Reena Khanna
Founder
Solitaireworld
Dellas  Asse
sys-network admin
Computer Station
Sign Up for DailyDose and Read the Day's Highlights
Follow SiliconIndia :
Write your comment now
Submit Reset