India has quickly, but effectively, added another arms supplier to its list, after Russia, US, Israel, France and United Kingdom. India has added South Korea to this illustrious list of nations that are major suppliers to India of weapons and defence systems that keep India safe and secure from the evil eyes of the enemy.
South Korea has broken into the elite league by bagging a few high-yield deals with India in the last couple of years. 2017 has been a major success for South Korean arms suppliers and warship builders. On April 22 this year, the governments of India and the Republic of Korea (South Korea) signed a memorandum of understanding (MoU) for joint shipbuilding. While India nominated Hindustan Shipyard Limited at Visakhapatnam to be the Indian defence shipyard in this partnership, South Korea is to name its shipyard later. On April 21, India and South Korea signed the inter-governmental memorandum of understanding for Defence Industry Cooperation in Shipbuilding at a ceremony in New Delhi. The MoU was signed by Secretary (Defence Production) Ashok Kumar Gupta from the Indian side and Minister of Defence Acquisition and Programme Administration (DAPA) Chang Myoung-Jin from the South Korean side. The MoU will help the 'Make in India' initiative of the Government of India.
The salient points of the MoU are: (a) Develop and strengthen defence industry cooperation between Republic of India and the Republic of Korea; (b) The two sides will rec