India-funded project is a glowing example of ‘Make in India, Make for the World’, says Singh.
Defence Minister Rajnath Singh has handed over 12 High Speed Guard Boats, built under the US$100 million Defence Line of Credit to Vietnam, during a visit to Hong Ha Shipyard in Hai Phong on 9 June 2022.
The initial five boats were built in the Larsen & Toubro (L&T) Shipyard in India and the other seven in Hong Ha Shipyard.
Singh described the project as a glowing example of ‘Make in India, Make for the World’.
He exuded confidence that the project will be a precursor to many more cooperative defence projects between India and Vietnam in future.
Singh also invited Vietnam to become a part of India’s defence industrial transformation through enhanced cooperation.
He asserted that the Indian defence industry has substantially increased its capabilities under the ‘Aatmanirbhar Bharat’ vision of the Prime Minister.
He stressed that the objective is to build a domestic industry in order to make India a defence manufacturing hub which not only caters to the domestic needs, but also fulfills international requirements.
The Minister was on a three-day official visit to Vietnam. fiinews.com
