Search Result for : Defence Cooperation

The Dollar Business Bureau Amidst increasing tensions in the Asian region, India and Japan are having discussions to strengthen military partnership. Arun Jaitley, Defence Minister of India conveyed to the Japan’s Defence Minister, Tomomi Inada, on Monday that India hopes to follow a strategic cooperation with Japan for stability and peace in the region. Jaitley’s visit to Tokyo comes at a time when tensions are rising in the region that includes territorial conflict in the South China Sea and threats of missile and nuclear threats from North Korea. The Indian Defence Minister welcomed a trilateral naval exercise planned with India, Japan and the US in July as a way to strengthen cooperation in the Asia-Pacific region. “This is all reflective of the level of cooperation ...

The Dollar Business Bureau India, one of the world's largest defence importers, and Israel, globally known as a top exporter of military prowess, have signed a historic defence trade deal of $2 billion. Under the said deal, Israel will provide India with advanced surface to air missile (SAM) systems. These defence systems are used to target enemy aircraft, drones and missiles within a 50 km - 70 km range. The mega defence deal is a big step towards expanding bilateral defence cooperation between the two countries ahead of PM Modi's visit to Tel Aviv in July, 2017. This will also give a fillip to the total trade between India and Israel which stood at $4.9 billion as of 2015-16, registering negative growth every year since 2011-12, when it was at a high of $6.7 billion. Under the agreement, Israel has agreed ...

The Dollar Business Bureau After fruitful negotiations between India and Russia as a part of the India-Russia Military Industrial Conference, two agreements were signed between Hindustan Aeronautics Limited (HAL) and United Aircraft Corporation and United Engine Corporation of Russia for long-term technical assistance and spare parts required to service the Russia-originated Su -30 MKI aircraft.  Russia has broadly agreed to enter into joint ventures with Indian manufacturers for a seamless supply of spare parts and components necessary to maintain operational readiness of Russian-origin defence platforms used by the Indian Army.  This positive development was brought about even as Defence Minister Arun Jaitley, in his inaugural speech, called upon Russian firms to extend defence cooperation with India in manufacturing, by sharing defence technology. This is deemed to be essential for the upkeep and up gradation of Russian defence equipment in India's ...

The Dollar Business Bureau  Russia's Trade Minister indicated acceleration of India-Russia cooperation in Aviation as he announced that Russia is open to manufacture components for its Sukhoi super jet in India. He said that the North Asian nation was also in talks with Mahindra and Mahindra regarding the MC 21 aircraft, which is to have its first flight soon.  As he revealed that interiors for Sukhoi super jet are being manufactured by a unit of Mahindra, India's top aerospace company, he also said that Mahindra could take part in the MC 21 project, for production of components as well as interiors.  On the sidelines of International Engineering Sourcing Show (IESS) in Chennai, bilateral talks were held between Russian Trade and Industry Minister Denis Manturov, and Indian Commerce Minister Nirmala Sitaraman. During these talks, both the countries agreed to expand their cooperation ...

PTI Terming their ties as "time- tested", India and the UAE resolved to further intensify wide- ranging bilateral engagements including in strategic areas of security, defence, energy and decided to come up with an action plan by June to increase bilateral trade by 60% over the next five years. Prime Minister Narendra Modi and Crown Prince of Abu Dhabi Sheikh Mohammed Bin Zayed Al Nahyan, who held comprehensive talks on Wednesday, also expressed satisfaction over the ties having been matured into a robust relationship across a broad spectrum of political, economic, trade and investment, energy, defence and security spheres. An India-UAE joint statement, issued on Thursday, said the two leaders reiterated that the ongoing close cooperation on a range of security ...

The Dollar Business Bureau India to provide $45 million Line of Credit to Kenya to help in developing a textile unit and other small industries, the leaders of two nations said on Monday. Prime Minister Narendra Modi and Kenyan President Uhuru Kenyatta have signed seven trade agreements.  The two agreements, part of the seven deals signed, were a Line of Credit pact for $15 million to Kenya’s Industrial Development Bank Ltd (IDB) for the development of small scale and medium enterprises (SMEs) and an agreement of Line of Credit for $29.95 million to revive the Rift Valley Textiles (Rivatex) factory in Kenya. “The ties between the two countries are rich and long-standing. The multi-faceted partnership for development is a major pillar of our bilateral ties. ...

The Dollar Business Bureau Investors from all over the world are buoyed by the vibrant investment environment in India, the US India Business Council (USIBC) communicated to the US President Barack Obama in a letter. The country has demonstrated its enhanced willingness to address industry concerns and also balance its domestic interests, it said. Ahead of Prime Minister Narendra Modi’s visit to US next month, the USIBC is looking towards continuing discussions and developments made by India and the US in various matters including innovation, technology, movement of professionals and non-tariff barriers in its future strategic deliberations. The US and India relations are now at its best due to the persistent efforts of Barack Obama and Narendra Modi, USIBC President Mukesh Aghi said. ...

 The Dollar Business Bureau India and South Korea on Monday agreed to upgrade the bilateral relationship to a “Special Strategic Partnership”. The two sides have decided to renew the existing cooperation in the areas of defence, foreign affairs, trade and investment, science and technology, and regional cooperation. Indian Prime Minister Narendra Modi and Park Geun-hye, President of South Korea, also agreed for cooperation in many other areas. While President Park informed the Indian prime minister about his country’s Northeast Asia Peace and Cooperation Initiative (NAPCI), the latter welcomed South Korea’s desire to enhance cooperation and security among countries of the Asia-Pacific region. Both the sides agreed to work together and achieve shared goals through India’s Act East Policy and ...