The handing over of the boats happened at a ceremony at Hong Ha Shipyard in the course of the ongoing go to of Defence Minister Rajnath Singh to the South East Asian nation
The handing over of the boats happened at a ceremony at Hong Ha Shipyard in the course of the ongoing go to of Defence Minister Rajnath Singh to the South East Asian nation
India on June 9 formally handed over the 12 high-speed guard boats constructed beneath the federal government of India’s $100 million defence Line of Credit (LoC) to Vietnam at a ceremony at Hong Ha Shipyard in the course of the ongoing go to of Defence Minister Rajnath Singh to the South East Asian nation.
“It gives me great pleasure to join this historic ceremony marking the successful completion of the project to build 12 high-speed guard boats under the $100 million Defence LoC by the government of India. I am confident that this will be a precursor to many more cooperative defence projects between India and Vietnam,” Mr. Singh stated talking on the ceremony.
Stating that this challenge was an instance of the ‘Make in India-Make for the World’ mission, Mr. Singh added, “We would be greatly pleased if close friends like Vietnam become part of our defence industries transformation through enhanced defence industry cooperation.”
The velocity boats shall be operated by the Vietnamese Border Guard Force. The deal was executed by Larsen & Tourbo and of the 12 boats, 5 have been in-built India whereas the remaining have been in-built Vietnam with help from L&T.
Hanoi has procured the 12 high-speed patrol boats for the Vietnamese border guard power beneath the LoC prolonged in September 2014. In 2016, India has prolonged one other $500 million defence LoC to Vietnam and discussions are beneath technique to establish the tools. During the bilateral talks, the 2 Defence Ministers had agreed for “early finalisation” of the second LoC.
On Wednesday, India and Vietnam signed a mutual logistics help settlement whereas the 2 Defence Ministers signed the ‘Joint Vision Statement on India-Vietnam Defence Partnership towards 2030’, which the Defence Ministry stated would considerably improve the scope and scale of present defence cooperation.
Mr. Singh additionally referred to as on Vietnamese President Nguyen Xuan Phuc and Prime Minister Pham Minh Chinh. The go to additionally comes on the event of fifty years of firm of India-Vietnam diplomatic relations.
Source: www.thehindu.com
