India on June 9 formally handed over the 12 high-speed guard boats constructed under the government of India’s $100 million defence Line of Credit (LoC) to Vietnam at a ceremony at Hong Ha Shipyard during the ongoing visit of Defence Minister Rajnath Singh to the South East Asian nation.
“It gives me great pleasure to join this historic ceremony marking the successful completion of the project to build 12 high-speed guard boats under the $100 million Defence LoC by the government of India. I am confident that this will be a precursor to many more cooperative defence projects between India and Vietnam,” Mr. Singh said speaking at the ceremony.
Stating that this project was an example of the ‘Make in India-Make for the World’ mission, Mr. Singh added, “We would be greatly pleased if close friends like Vietnam become part of our defence industries transformation through enhanced defence industry cooperation.”
