UKIBC Current Affairs - 2020
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The UK India Business Council (UKIBC) announced the establishment of Aerospace and Defence Industry Group to boost bilateral cooperation in the areas. The initiative demonstrates close ties between Indian and United Kingdom’s aerospace and defence industry as well as recognises that UK-India relationship is at a critical turning point.
In 2019, a memorandum of understanding (MoU) was signed between UK and India on ‘Defence Technology Industrial Capability Cooperation’, which highlighted UK government’s approach towards enhancing cooperation with India. The collaboration besides advancing India’s defence acquisition process will also foster long-term hardware and technology transfers.
Aerospace and Defence Industry Group will support and build on huge opportunities for collaboration that exists between defence industries of India and UK. It has been formed after suggestions of Defence and Security Organisation as well as with support of UK Defence Solutions Centre, the Department for International Trade, ADS Group Ltd and industry. The group could contribute towards India’s continued emphasis on defence modernization, Make in India initiative and sophisticated military capabilities, which will be a win-win for both UK and India. Core members of group include: Rolls-Royce, BAE systems, Thales UK, TVS Logistics, MBDA, Leonardo, PEXA, Pattonair and Cranfield University.
Tags: Aerospace and Defence Industry Group • Defence Technology • India-UK • UK India Business Council • UKIBC