02 September 2016

India to Help Vietnam Build High-Speed Patrol Boats in $100mn Contract

02 September 2016


Larsen & Toubro high dpeed fast patrol vessel (image : Naval Technology)

A US$100 million contract will be signed between Vietnam and India to provide the former with high-speed patrol boats within the framework of the upcoming official visit to Vietnam of Indian Prime Minister Narendra Modi.

During an interview with Tuoi Tre (Youth) newspaper, Indian Ambassador to Vietnam Parvathaneni Harish has given some insight into the trip of Prime Minister Modi, scheduled for September 2 - 3.

This is the first visit to Vietnam of an Indian head of government in 15 years, Ambassador Harish stated, adding that many significant documents are expected to be signed between the two parties.

“The Indian leadership has focused on its Act East Policy in which our Strategic Partnership with Vietnam is a major pillar,” he said.

Collaboration between India’s M/s Larsen & Toubro Company and Vietnamese Border Guard is highly anticipated for the construction of high-speed patrol boats based on the Line of Credit of US$100 million, according to the diplomat.

“We expect conclusion of many agreements and MOUs in important economic, social and strategic sectors including in the fields of science and technology, information technology, defense and security, health, and especially cooperation in traditional medicine systems in our two countries,” he continued.

See full article Tuoi Tre News

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