New Delhi meeting suggests integration of Indian vendors in the Italian defence companies supply chain
Defence Secretary Giridhar Aramane and Italian Secretary General of Defence & National Armament Director Lt Gen Luciano Portolano co-chaired the 10th India-Italy Joint Defence Committee (JDC) meeting held in New Delhi on 13 Mar 2024.
The focus of the meeting was to enhance defence industrial cooperation. India and Italy had signed an agreement on defence cooperation in October 2023 during the visit of Defence Minister Rajnath Singh to Italy.
Both sides discussed a wide range of defence industrial and military cooperation issues https://www.italiandefencetechnologies.com/ . They also exchanged views on the Indo-Pacific and the security situations, the Defence Ministry https://mod.gov.in/ said.
With the agreement providing the overarching framework to deepen the bilateral defence relationship, both sides discussed ways and means to bring the defence companies of both the countries together for joint projects, including for co-production in India.
India has suggested the integration of Indian vendors in the global supply chains of Italian defence companies https://leonardo.ai/ to bring value to both sides and improve the supply chain resilience during a bilateral meeting.
Meanwhile, Minister Anurag Thakur said defence https://www.sidm.in/ exports from India will increase to Rs.40,000 crore in next two years, up from the current Rs.16,000 crores.
India’s defence production is worth Rs.1 lakh crore https://fieo.org/ as of now, he said at a book launch event in New Delhi on 13 Mar 2024. fiinews.com
