September 3, 2010 7:25 PM

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India-Korea sign two MoUs on defence cooperation

Heralding a new chapter in the history of defence cooperation, India and South Korea today signed two landmark Memorandums of Understanding ,MOU's in Seoul. This will give boost to the Strategic Partnership between the two countries. The MoUs were signed at the end of about ninety minutes of intensive discussions between the delegations of the two countries. The Indian side was led by the Defence Minister, Mr A.K Antony and the South Korean side by his counterpart Mr Kim Tae-young. According to an official press release the first MoU envisages exchange of defence related experience and information, mutual exchange of visits by military personnel and experts including civilian staff associated with defence services. It will also pave the way for military education and training and conduct of military exercises, exchange of visits of ships and aircraft besides cooperation in humanitarian assistance and international peace keeping activities.The Second MoU has to be operational under the overarching umbrella of India- South Korea Defence Agreement. It aims at identifying futuristic defence technology areas of mutual interest and pursuing R&D works apart from envisaging co- development and co-production of defence products with Indian industry through DRDO.Speaking at the meeting, the two ministers expressed the hope that the signing of the MOU's will prove a win-win scenario for the two countries in a number of areas.

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