Industry
India, Finland sign defence industry accord
Jon Grevatt - Jane's Defence Industry
16 January 2020
India and Finland have signed an agreement to support collaboration on defence research, development, and production.
The memorandum of understanding (MoU) was signed in New Delhi on 15 January by India’s Defence Secretary Ajay Kumar and Finnish Permanent Defence Secretary Jukka Juusti.
In a statement, the Indian Ministry of Defence (MoD) said the MoU will “further defence co-operation between India and Finland”.
The MoD said that the agreement covers “production, procurement, and the research and development of defence-related equipment and industrial co-operation”. It added that under the MoU Indian and Finnish companies will look to explore opportunities to collaborate.
According to the MoD, India and Finland have been discussing the terms of defence industrial co-operation since 2018, while in 2019 Finland outlined an interest to “participate in the ‘Make in India’ vision” through a dedicated defence agreement.
https://www.janes.com/article/93735/india-finland-sign-defence-industry-accord