New Delhi (NVI): The defence cooperation and partnership between India and Bangladesh has made significant gains in the last few years, and the strategic partnership between the two countries can become pillar of regional strength and economic cooperation, a senior Defence Ministry official said today.
“This may result in a long-term strategic partnership in production, development and maintenance. It will be a win-win situation for both the nations to achieve their common objectives. The strategic partnership between India-Bangladesh can become a pillar of regional strength and economic cooperation,” said Raj Kumar, Secretary, Defence Production, Ministry of Defence.
Kumar was addressing a virtual session ‘India and Bangladesh-Make for the World,’ organized by FICCI, jointly with the High Commission of India, Bangladesh and Ministry of Defence.
The secretary noted that the close proximity of Indian shipyards to Bangladesh is an additional advantage for both the nations.
He said that India has a robust ship building industry with an ecosystem of world class public and private ship building companies. “The ships constructed by Indian shipyards are of global standards and are extremely cost effective. Our shipyards are also willing to partner with Bangladeshi shipyards for construction of platforms as per Bangladesh requirements through JVs, co-development and collaboration for both commercial and defence requirements,” he added.
Highlighting opportunities in the defence sector, Kumar stated that Bangladesh armed forces is looking for suppliers for its ambitious military modernization drive called Forces Goal 2030. Indian defence industry has been galvanized through progressive policies and procedural reforms, which has catapulted the industry to serve not only the Indian but global requirements as well, he added.
“India has a vast defence industrial base of 41 Indian ordnance factories, 9 defence PSUs, along with a vibrant private sector and over 12,000 MSMEs. Indian defence industries can offer various proven hi-tech platforms, systems, sub-systems in air, land, sea, and space applications. India can offer MRO facilities to Bangladesh and with its proven expertise in software, India can offer technological solutions in the digital field as well,” Kumar said.
India, he said, has also extended a defence line of credit of US$ 500 million to Bangladesh that is already operational. We are keen to work with Bangladesh for platforms like Akash, radars, mortars, artillery guns, ammunitions etc., he emphasised.
Also present in the session, Sanjay Jaju, Additional Secretary (DP), Ministry of Defence, said that the Indian defence sector has a lot of potential and further invited Bangladeshi companies to invest in this sector.
“We have opened up two defence industrial corridors in UP and Tamil Nadu and both corridors will leverage existing ordnance factories and private manufactures in the region. We invite investments from Bangladesh in these corridors and explore opportunities where we can co-produce and co-develop equipment for mutual use,” he said.