India and South Korea have signed an Inter-governmental Memorandum of Understanding (MoU) for Defence Industry cooperation between their shipbuilding yards.
The Indian side was represented by Secretary of Defence Production A K Gupta and South Korea was represented by his counterpart Chang Miyung Jin, in New Delhi. India has nominated Hindustan Shipyard at Vishakhapatnam whereas South Korea is yet to nominate its shipyard. This MoU is part of the ‘Make in India’ initiative of the Central government.
Indian engineering conglomerate Larsen & Toubro (L&T) and Hanwa Techwin of South Korea have also recently signed a contract to manufacture the K9 Vajra-T tracked self-propelled artillery guns for the Indian Army.
Takeaways from above News-
- India and South Korea signed an MoU for Defence Industry cooperation
- The agreement was signed in New Delhi
- Larsen & Toubro (L&T) and Hanwa Techwin of South Korea signed a contract to manufacture the K9 Vajra-T tracked self-propelled artillery guns for the Indian Army
If you have any other takeaways, do share with us in the comment section
Source- Financial Express