There is lot of scope for Swedish and Indian defence industries for co-production and co-development and Indian industry can also supply components to Swedish industries, Defence Minister Rajnath Singh said on Tuesday.
“On behalf of Government of India, I would like to extend an invitation to a delegation at highest level from Sweden to India and have a glimpse of Indian defence industries and defence industry corridors,” Mr. Singh said at an India-Sweden defence industry webinar.
Welcoming the recent understanding by India and European Union to resume negotiations on a free trade agreement, Swedish Defence Minister Peter Hultqvist said one area with potential for deepening defence industry cooperation was amongst Small and Medium Enterprise (SME) businesses.
A Memorandum of Understanding was signed during the event between Society of Indian Defence Manufacturers and Swedish Security and Defence Industry Association to promote bilateral defence industrial relations.
Published - June 08, 2021 04:30 pm IST
