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Signature of MoU between the GIFAS (France) and the SIDM (India)

ANI  |  New Delhi [India] 

The (SIDM) and the Groupement des Industries Françaises Aeronautiques et Spatiales (GIFAS) signed a memorandum of understanding on the sidelines of a major industrial mission in in the field of and defence organised by with the support of from the April 16 to 19, 2018.

This agreement aims to promote a sustainable framework for present and future partnerships and cooperative actions between the French industry and the Indian defence industry by reaffirming the necessity to expand trade, through stronger economic and industrial cooperation, between and India, and towards export customers.

"The signing of this MoU between our two bodies is an excellent opportunity to develop the cooperation between and and shape the and defense industry of the future," stated Pierre Bourlot, of and Lt Gen Subrata Saha, of SIDM, when they signed the document.

This MoU will allow the implementation of measures to promote a mutually beneficial cooperation in and defence manufacturing, research and technology, human capital, engineering services, systems integration.

The cooperation will focus on five axes of common interest that are:

- The development of opportunities between members of and SIDM

- Training and human capital development

- Research and technology

- Industry Policy and Environment

- International Trade Issues.

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

First Published: Tue, April 17 2018. 12:00 IST
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