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India, South Korea to sign MoU to boost defence ties

ANI  |  New Delhi [India] 

and will on Friday ink a Memorandum of Understanding (MoU) in the Defence Industry Cooperation in Shipbuilding.

Secretary Defence Production Ashok Kumar Gupta from and Minister of Defence and Programme Administration from Republic of Korea Chang Myoung Jin will be signing the documents.

Earlier in the day, Indian engineering conglomerate (L&T) and Hanwa Techwin of signed a contract to manufacture the K9 Vajra-T tracked self propelled artillery guns for the

The deal worth Rs. 4,600 crore is for 100 guns and is likely to expand further. Deliveries will begin in 18 months and completed in 42 months.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, April 21 2017. 13:22 IST