New Delhi: India’s leading industry body, the Confederation of Indian Industry (CII) and The Australian Industry & Defence Network Incorporated (AIDN) have signed an Memorandum of Understanding (MoU) in New Delhi
The Australian Industry & Defence Network Incorporated (AIDN) is the peak industry association in Australia for small-to-medium enterprises (SMEs) in the defence and security sectors.
The objective of the Memorandum of Understanding (MoU) is to support common initiatives of Australia and India in aerospace, defence and homeland security and build engagement between companies involved in aerospace, defence and homeland security sectors in Australia and India.
India has the world’s largest ongoing defence modernization programmes in the world and the Australian defence industry with its relatively advanced technological and manufacturing sector is well positioned to support some of India’s defence modernization programmes
There is a significant potential to offer infusion of Australian technology and capability for the Indian small and medium enterprises (SME) to prepare Indian SME’s to participate in the defence offset and other related opportunities in the Indian defence sector
The MoU will also facilitate CII and AIDN to share information and knowledge; access information on the respective industry, specific opportunities’ and capabilities. CII and AIDN will also explore the potential for bi-lateral business missions to Australia and India respectively around major conferences or expositions.