1 hr ago
India, Belgium Expand Military Exchanges and Training Cooperation
India and Belgium want to work more closely on defence and security.
Their leaders agreed to increase military exchanges and training.
They also want their defence industries to develop and produce equipment together.
The two countries plan to share more intelligence and cooperate against crime.
They are also working together on clean energy, green ammonia and critical minerals.
India and Belgium want to connect Belgium’s semiconductor expertise with India’s semiconductor industry.
India has created a faster investment process for Belgian companies.
The countries hope their trade will double over the next five years.
India and Belgium agreed to enhance military exchanges and training cooperation.
Prime Minister Narendra Modi called defence and security cooperation a key pillar of bilateral ties.
The countries plan greater defence co-development, co-production, intelligence sharing and cooperation against crime.
India and Belgium will pursue renewable-energy, critical-minerals and semiconductor cooperation.
An investment fast-track mechanism for Belgian companies was established, with a goal of doubling bilateral trade within five years.
- Who
- Indian Prime Minister Narendra Modi and Belgian Prime Minister Bart De Wever, representing India and Belgium.
- What
- The countries agreed to expand military exchanges and training cooperation while advancing wider defence, economic and clean-energy ties.
- Where
- New Delhi, India, where the prime ministers held their meeting and joint press conference.
- When
- Thursday, September 3; the year is not specified in the articles.
- Why
- To strengthen bilateral defence and security cooperation and expand economic, energy and technology partnerships.
Key facts
- Defence cooperation
- India and Belgium agreed to enhance military exchanges and training cooperation.
- Security cooperation
- The countries plan to strengthen intelligence sharing and cooperation against crime.
- Defence industry
- Government and industry agreements are expected to create opportunities for defence co-development and co-production.
- Economic target
- The two sides aim to double bilateral trade over the next five years.
- Investment mechanism
- India established an Investment Fast-Track Mechanism for Belgian companies.
- Economic growth
- India recorded 7.8 per cent growth in the last quarter, according to Prime Minister Modi.
- Clean energy
- India and Belgium signed a renewable-energy memorandum of understanding and are developing a green ammonia project in Kakinada.
Quotes
Narendra Modi
Prime Minister of India
“Today, we have taken several significant steps to translate these possibilities into concrete results. We have established an ‘Investment Fast-Track Mechanism’ in India for Belgian companies. We have decided to make the India-Belgium Business Forum a regular mechanism. We will enhance synergy between the financial, fintech, and regulatory institutions of both nations, and through these measures, we will realise the goal of doubling bilateral trade over the next five years.”
thestatesman.com
“Defence and security cooperation is a key pillar of our relationship. Today, we have agreed to enhance military exchanges and training cooperation between the two countries. Agreements reached between our governments and defence industries will open up new opportunities for defence co-development and co-production. We will also further strengthen intelligence sharing and cooperation against crime between our respective agencies.”
thestatesman.com
thehansindia.com
Sources
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