India has handed over 12 high-speed guard boats to Vietnam Border Guard at Hong Ha Shipyard in Vietnam, marking the completion of a successful defence project.
Indian Minister of Defence Rajnath Singh attended the ceremony on 9 June. The vessels were constructed under India’s Line of Credit (LoC) project for Vietnam. The value of the contract is $100 million.
The minister invited Vietnam to become a part of India’s defence industrial transformation through enhanced cooperation.
Glad to attend the ceremony marking the successful completion of the project to build 12 High Speed Guard Boats for Vietnam Border Guard at Hong Ha Shipyard in Vietnam today. This project is a shining example of our ‘Make in India and Make for the World mission. pic.twitter.com/dv3gYkLScf
Under the Defence Line of Credit program, five boats were manufactured at L&T Shipyard in India and seven at the Hong Ha Shipyard in Vietnam.
Under the Defence Line of Credit programme, five boats were manufactured at the L&T Shipyard in India and seven at the Hong Ha Shipyard in Vietnam. I’m confident that the success of this project will be a precursor to many more cooperative defence projects between ?? and ??. pic.twitter.com/6P5wcRho0U
The two countries also signed a Memorandum of Understanding (MoU) to simplify procedures for mutually beneficial logistic support.