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Investment: Japanese defence industries urged to invest in India

Fiinews by Fiinews
April 7, 2023
in Investment
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Aramane calls for deepening collaboration between defence industries

Japanese defence industries have been urged to consider investment opportunities in India under the ‘Make in India’ initiative.

The investment call was made by Defence Secretary Giridhar Aramane during the 7th India-Japan Defence Policy Dialogue that he had co-chaired with Vice Minister of Defense for International Affairs Oka Masami.

He emphasised that both the countries should aim to deepen collaboration between the respective defence industries.

“Both sides agreed to diversify cooperation in new and emerging domains like defence space and cyber,” the Defence Ministry said on 5 Apr 2023.

A wide range of issues, including Service-level exercises and engagements, regional security issues and cooperation in defence equipment and technology, were discussed during the meeting.

The Japanese Vice Minister also presented policy updates from their recently released National Security Strategy and National Defense Strategy.

“India and Japan reiterated their commitment towards a strong defence partnership and agreed to find opportunities to further enhance the bilateral cooperation,” said the Ministry.

Both sides also agreed to hold the next Defence Policy Dialogue at mutually convenient dates.

The Defence Policy Dialogue is an institutionalized mechanism between India and Japan to discuss bilateral defence cooperation, said the Ministry. fiinews.com

Tags: Ministry of Defence
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