India-Bangladesh Strategic Partnership Can Become A Pillar of Regional Strength And Economic Cooperation: Secretary, Defence Production
India and Bangladesh have the potential to become long-term strategic partners in the fields of production, development and maintenance. Both the nations can build off industrial advantages of each other's economies and collaborate in the arena of defence cooperation for mutual benefit.
Photo Credit : Economic Times,
Raj Kumar, Secretary, Defence Production, today said that the defence cooperation and partnership between India and Bangladesh has made significant gains in the last few years. Addressing a virtual session ‘India and Bangladesh-Make for the World,’ organized by FICCI, jointly with the High Commission of India, Bangladesh and Ministry of Defence, Govt of India, Kumar added that the close proximity of Indian shipyards to Bangladesh is an additional advantage for both the nations. “This may result in a long-term strategic partnership in production, development and maintenance. It will be a win-win situation for both the nations to achieve their common objectives. The strategic partnership between India-Bangladesh can become a pillar of regional strength and economic cooperation,” he noted.
Kumar said that India has a robust ship building industry with an ecosystem of world class public and private ship building companies. “The ships constructed by Indian shipyards are of global standards and are extremely cost effective. Our shipyards are also willing to partner with Bangladeshi shipyards for construction of platforms as per Bangladesh requirements through JVs, co-development and collaboration for both commercial and defence requirements,” he added.
Highlighting opportunities in the defence sector, Kumar stated that Bangladesh armed forces is looking for suppliers for its ambitious military modernization drive called Forces Goal 2030. Indian defence industry has been galvanized through progressive policies and procedural reforms, which has catapulted the industry to serve not only the Indian but global requirements as well, he added.
“India has a vast defence industrial base of 41 Indian ordnance factories, 9 defence PSUs, along with a vibrant private sector and over 12,000 MSMEs. Indian defence industries can offer various proven hi-tech platforms, systems, sub-systems in air, land, sea, and space applications. India can offer MRO facilities to Bangladesh and with its proven expertise in software, India can offer technological solutions in the digital field as well,” Kumar added.
India, he said, has also extended a defence line of credit of US$ 500 million to Bangladesh that is already operational. We are keen to work with Bangladesh for platforms like Akash, radars, mortars, artillery guns, ammunitions etc., emphasized Kumar.
Sanjay Jaju, Additional Secretary (DP), Ministry of Defence, Govt of India said that the Indian defence sector has a lot of potential and further invited Bangladeshi companies to invest in this sector. “We have opened up two defence industrial corridors in UP and Tamil Nadu and both corridors will leverage existing ordnance factories and private manufactures in the region. We invite investments from Bangladesh in these corridors and explore opportunities where we can co-produce and co-develop equipment for mutual use.”
He further said that the government is also giving impetus to "Atmanirbharta", which does not mean going into protectionism. “The idea is to create self-reliance, not just in defence production but also creating linkages with global supply chains,” he added.
He stated that the government has decided to put embargo on 101 items, which will be manufactured domestically, and some these items are going to be important for the industry and the governments on both sides.
(Feed by FICCI Media Division)