Defence Minister Rajnath Singh today reiterated, Atmanirbhar Bharat is about producing cost effective products. The minister said, India has a vast defence industrial base.
Addressing a webinar on India-Sweden Defence Industry cooperation, Mr Singh emphasised that India is third largest business partner for Sweden and it shows the robust relationship between both the nations. He said both countries can collaborate in ship building industries.
Mr Singh said historically the two countries had a great relationship which reflects not only common values but also commitment to global peace and security. The Minister said, a strong institutional mechanism has been established to promote business linkages between the two countries. Mr Singh said, India-Sweden defence cooperation MoU which was signed during the EU-India summit in November 2009 has scope for exchange of expertise, training, logistic and maintenance and R&D cooperation.