Defence industry Current Affairs - 2020
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The Society of Indian Defence Manufacturers (SIDM) and UK India Business Council (UKIBC) signed Memorandum of Understanding to bring upon closer defence ties between the countries. The agreement was signed at DefExpo that is being held in Lucknow.
The MoU was signed to build partnership between Aerospace and Defence sector of the countries. It will also help in transfer of technologies between the countries. The defence industries of both the countries will work together to form strong economic and industrial cooperation.
UK-India Business Council
The Council is a non-profit organization that fosters trade relations between India and UK. The Council was formed in 1993 as the Indo British Partnership. It is a sister organization of UK-ASEAN Business Council.
The UK-India Business Council Centres are in Gurgaon, New Delhi, Mumbai, Bangalore.
India is the third largest foreign investor of UK. The number of Indian students studying in UK is the second largest in the world after US.
Also, UK is the strong supporter of India in development of future fighter jet engine. India aims at becoming self-reliant in manufacturing combat engines.
Tags: Aerospace • Aerospace Manufacturing • Defence industry • DefExpo India- 2020 • India-UK
On January 4, 2020, the defence ministers of India and South Korea discussed ways to enhance bilateral security cooperation in the field of defence industries and research and development.
During the defence ministers meet held between India and South Korea, several possible areas of cooperation in the field of defence industry were listed. The countries also discussed about investment in Defence Industrial Corridors in Tamil Nadu and Uttar Pradesh.
Defence Industrial Corridors
The Government of India has set up Defence Industrial Corridor in Uttar Pradesh and Tamil Nadu. The Corridors facilitate efficient industrial base and aims at increasing defence production in the country. They aim at ensuring connectivity between different defence industrial units.
The Uttar Pradesh Defence Corridor aims to connect six cities namely Kanpur, Lucknow, Agra, Chitrakoot, Jhansi and Aligarh. Tamil Nadu Defence Corridor includes five cities namely Hosur, Salem, Chennai, Trichy and Coimbatore.
It is essential for India to maintain cordial relations with South Korea for its strategic location in China Sea. Also, India is currently developing strong military hardware cooperation with South Korea. Indian Army has inducted K-9 Vajra howitzers that has roots in South Korea. K9 is currently deployed in the border of Pakistan.
Tags: Border Issues • Defence industry • Defence Sector • East China Sea • India-Pakistan