comScore
Active Stocks
Fri Sep 29 2023 15:59:14
  1. Tata Steel share price
  2. 129 1.78%
  1. NTPC share price
  2. 245.65 3.3%
  1. Power Grid Corporation Of India share price
  2. 199.85 -0.45%
  1. State Bank Of India share price
  2. 598.7 1.48%
  1. Wipro share price
  2. 406.25 0.11%
Business News/ News / India/  India, Germany hold talks to boost defence cooperation
Back

India, Germany hold talks to boost defence cooperation

Both ministers reviewed the ongoing bilateral defence cooperation activities and explored ways to enhance the collaboration, particularly defence industrial partnership

Defence minister Rajnath Singh and his German counterpart Boris Pistorius. (AP Photo/Altaf Qadri)Premium
Defence minister Rajnath Singh and his German counterpart Boris Pistorius. (AP Photo/Altaf Qadri)

New Delhi: Defence minister Rajnath Singh on Tuesday met his German counterpart Boris Pistorius in New Delhi to discuss ways to bolster bilateral defence cooperation, particularly in the defence industrial partnership.

“Both ministers reviewed the ongoing bilateral defence cooperation activities and explored ways to enhance the collaboration, particularly defence industrial partnership," the ministry said in a statement.

The defence minister highlighted the opportunities that have opened up in the defence production sector, including the possibilities for German investments in the two defence industrial corridors in Uttar Pradesh & Tamil Nadu.

“The Indian defence industry could participate in the supply chains of German defence industry and add value to the ecosystem, besides contributing to supply chain resilience," he added.

Singh stressed that India and Germany could build a more ‘’symbiotic relationship‘’ based on shared goals and complementarity of strength, namely skilled workforce and competitive costs from India and high technologies and investment from Germany.

India and Germany have had a strategic partnership since 2000, which has been strengthened through inter-governmental consultations since 2011 at the level of heads of government.

Pistorius is scheduled to travel to Mumbai on Wednesday where he is slated to visit the headquarters of the Western Naval Command and Mazagon Dock Shipbuilders Limited.

"Exciting news! Mint is now on WhatsApp Channels 🚀 Subscribe today by clicking the link and stay updated with the latest financial insights!" Click here!

Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
More Less
Updated: 06 Jun 2023, 05:18 PM IST
Next Story
Recommended For You
Switch to the Mint app for fast and personalized news - Get App