India invites German investments in defence sector

at 5:13 pm
Defence Minister Rajnath Singh & his German counterpart Boris Pistorius holding delegation-level talks in New Delhi today.

New Delhi: Indian Defence Minister Rajnath Singh today invited German investments, including in the 2 Defence Industrial Corridors being built in Uttar Pradesh and Tamil Nadu, as he held talks with his visiting German counterpart Boris Pistorius here.

During their meeting, the two Ministers reviewed the ongoing bilateral defence cooperation activities and explored ways to enhance the collaboration, particularly defence industrial partnership, an official spokesman said.

Singh stressed that India and Germany could build a more symbiotic relationship based on shared goals and complementarity of strength, which is skilled workforce & competitive costs from India and high technologies & investment from Germany.

He highlighted the opportunities that have opened up in the defence production sector, including the possibilities for German investments in the two Defence Industrial Corridors in Uttar Pradesh & Tamil Nadu, the spokesman said.

The Indian defence industry could participate in the supply chains of German defence industry and add value to the ecosystem, besides contributing to supply chain resilience.

India and Germany have a Strategic Partnership since 2000, which is being strengthened through Inter-Governmental Consultations since 2011 at the level of Heads of Government.

Senior officials from Indian Ministry of Defence, including Defence Secretary Giridhar Aramane and Chief of Defence Staff General Anil Chauhan, participated in the delegation-level meeting.

From the German side, State Secretary from Ministry of Defence Mr Benedikt Zimmer, apart from senior officials and the German Ambassador to India, were present.

Pistorius arrived here yesterday on a 4-day India visit, the first by a German Defence Minister since 2015.

The bilateral meeting was preceded by a Tri-Service Guard of Honour to the visiting dignitary.

The German Minister of Defence will be traveling to Mumbai tomorrow and is scheduled to visit the Headquarters of Western Naval Command and Mazagon Dock Shipbuilders Limited there.