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Sitharaman opens BEL liason office in Vietnam

ANI  |  Hanoi [Vietnam] 

Sitharaman said Wednesday that there is immense potential to be explored by Indian defence industry in in areas of co-production of platforms, spares, repair and

Inaugurating the Bharat Limited (BEL) liaison office in Hanoi, at the Interaction organised by FICCI, Sitharaman handed over a symbolic key to Mr. M.V Gowtama, CMD, BEL.

The interaction was held between the defence sector companies from and Vietnam, and senior officials of

The FICCI led Indian delegation saw participation by leading members from both private and public sector of the Indian defence industry looking to enter the market.

In her keynote address, Sitharaman said that the sprit and mood of her discussion with the of Vietnam had been very looking and encouraging.

"There is immense scope in the co-production of platform, spares, and repair and overhaul services", she said.

Citing BEL as an example, she said that the opening of offices of Indian defence companies highlights the seriousness of the commitment to doing with Vietnam.

has enjoyed robust defence cooperation with Vietnam, as both and Vietnam largely rely on Russian military hardware, there has been significant bilateral cooperation between the two nations.

This includes MRO services for Vietnam's MiG aircraft, providing the with submarine training, and providing technical training for vessel construction. India and Vietnam have agreed to take a proposal for training of personnel on aircraft.

Vietnamese Deputy of National Defence, Senior was also enthusiastic for the future Indo-Vietnamese relations, saying that "Bilateral defence relations between the two countries was finally getting its due".

He invited Indian companies to set-up in Vietnam with the intent of not just supplying to India and Vietnam but also to the other countries.

Parvathaneni Harish, Indian to Vietnam, said that the defence industry requires a particular focus and it traverses both economic and security aspects.

He noted that the Vietnamese companies have developed an interest in Indian businesses looking at Vietnam for electronics, maritime, Bilateral interactions such as the one set up by FICCI have strengthen the comprehensive engagements with Vietnam.

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

First Published: Wed, June 13 2018. 19:45 IST