India Makes A Stab At Global Arms Selling
At their third Foreign Policy and Security Dialogue (FPSD) last month, India and South Korea discussed collaboration in defence production and the potential for space and nuclear cooperation.
Both also agreed to step up cooperation in the spheres of maritime and cyber security.
Defence cooperation would figure in the bilateral Joint Commission Meeting Nov 9 in New Delhi, ahead of the visit to India of President Park Geun-hy, who would be the chief guest at the Republic Day Jan 26.
The defence ministry has approved the long-pending $1.5 billion procurement of eight mine countermeasure vessels (MCMVs) from Kangnam Corp of South Korea, according to consultancy IHS Jane's.
Kangnam's Pusan shipyard will construct two MCMVs while Goa Shipyard Limited (GSL) will build the remaining six under a technology transfer.
During ADEX-2013, the defence ministry has planned an Indo-Korean defence meet and an industries meet.
The two countries are celebrating this year the 40th anniversary of the establishment of diplomatic relations.
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