lilaspr
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Indias Defence Ministry has decided to award a US $1.2 billion contract to Kangnam Corp. for eight mine-countermeasure vessels in Indias first big-ticket defense program with South Korea.....
The Indian Navy is likely to give additional orders to the South Korean company for the countermine ships, since the service has a requirement for more than 24 minesweepers, an MoD source said. The Indian Navy operates 12 aging Pondicherry and Karwar-class minesweepers.
South Korea has become a big-ticket supplier of weapons to India along with Russia, Israel, the United States and France and is aggressively tapping Indias $100 billion weapons market.
Samsung has jointly developed a howitzer gun with Indian private-sector company Larsen & Toubro, and it is likely to put up a tough fight against Russias Rosoboronoexport in the quest to supply 155mm/52-caliber tracked guns.
The Larsen & Toubro-Samsung team is competing with Rosoboronexport, and with state-owned Bharat Earth Movers Ltd. (BEML), which has partnered with Slovakian company Konstrukha.
The Indian Army wants to buy 100 tracked guns valued at more than $750 million. The tender, issued in 2011, was a rebid of a 2007 tender, which went to Indias Tata Power SED, Larsen & Toubro, BEML and Rosoboronexport.
South Korean firm Doosan has also been given a tender this year for the purchase of 104 self-propelled gun missile systems to replace aging Russian Kvadrat systems.
Indo-South Korean defense ties began in 2005, when the two countries signed a memorandum of understanding on defense logistics and supplies.
In 2007, the defense ministers of the two countries met to hash out a defense cooperation plan, which was followed in 2010 by the signing of a declaration of strategic partnership.
Full article >>>
The Indian Navy is likely to give additional orders to the South Korean company for the countermine ships, since the service has a requirement for more than 24 minesweepers, an MoD source said. The Indian Navy operates 12 aging Pondicherry and Karwar-class minesweepers.
South Korea has become a big-ticket supplier of weapons to India along with Russia, Israel, the United States and France and is aggressively tapping Indias $100 billion weapons market.
Samsung has jointly developed a howitzer gun with Indian private-sector company Larsen & Toubro, and it is likely to put up a tough fight against Russias Rosoboronoexport in the quest to supply 155mm/52-caliber tracked guns.
The Larsen & Toubro-Samsung team is competing with Rosoboronexport, and with state-owned Bharat Earth Movers Ltd. (BEML), which has partnered with Slovakian company Konstrukha.
The Indian Army wants to buy 100 tracked guns valued at more than $750 million. The tender, issued in 2011, was a rebid of a 2007 tender, which went to Indias Tata Power SED, Larsen & Toubro, BEML and Rosoboronexport.
South Korean firm Doosan has also been given a tender this year for the purchase of 104 self-propelled gun missile systems to replace aging Russian Kvadrat systems.
Indo-South Korean defense ties began in 2005, when the two countries signed a memorandum of understanding on defense logistics and supplies.
In 2007, the defense ministers of the two countries met to hash out a defense cooperation plan, which was followed in 2010 by the signing of a declaration of strategic partnership.
Full article >>>
