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April 22, 2017

India, South Korea ink pacts on artillery guns

 

This is the second major deal India has made in guns after the one with U.S.

India and South Korea on Friday signed two agreements to build artillery guns for the Indian Army and for collaboration in shipbuilding. One of them is an Inter-Governmental Agreement (IGA) between the governments while the other is a manufacturing agreement between two private companies.
The Inter-governmental Memorandum of Understanding (MoU) for defence industry co-operation in shipbuilding was signed by Ashok Kumar Gupta, Secretary Defence Production from India and Chang Myoung-Jin, Minister of Defence Acquisition and Programme Administration (DAPA), South Korea.
India has already nominated Hindustan Shipyard Limited (HSL), Visakhapatnam while South Korea will designate their shipyard soon. The MoU was conceived under the overall umbrella of the ‘Special Strategic Partnership’ between both sides, Defence Ministry said in a statement.
“The MoU will come into effect from the date of signature by both sides and will be initially valid for a period of five years and would be automatically extended for further successive five year at a time,” the statement added.
Contract with L&T
The two sides will identify specific projects to work on and this cooperation is expected to enable HSL to upgrade and modernise its facilities.
Indian engineering conglomerate Larsen & Toubro (L&T) and Hanwa Techwin of South Korea signed a contract on Friday to manufacture the K9 Vajra-T tracked, self-propelled artillery guns for the Indian Army.
“The first of the guns should be delivered within this financial year,” said Jayant Patil, head of defence and aerospace, L&T. Deliveries would be completed in 42 months.

 thehindu

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