Finance
The 8th India-Australia Defence Policy Talks (DPT) was held at Canberra in Australia on 24-25 July 2023. The Defence policy talks were co-chaired by Special Secretary in Ministry of Defence Smt. Nivedita Shukla Verma, and Acting Deputy Secretary in Department of Defence, Australia Mr Steven Moore.
During the Defence Policy talks, both sides reviewed the bilateral defence cooperation between the two countries and explored new initiatives to further strengthen and deepen bilateral defence engagements. The discussions also focused on identifying ways to strengthen partnership in co-development and co-production of defence equipment. Both sides reaffirmed their commitment to fully implement the Comprehensive Strategic Partnership based on mutual trust and understanding, common interests and shared values of democracy and rule of law. The Indian side highlighted the potential of the Indian defence industry with capacity and capability to cooperate with Australian Armed forces in its shipbuilding and maintenance plans.
India – Australia share a Comprehensive Strategic Partnership since June 2020 and defence is a key pillar of this partnership. India and Australia’s partnership is based on a shared vision of a free, open, inclusive and prosperous Indo-Pacific region. The two democracies have a common interest in peace and prosperity of the entire region.
The two countries have 2+2 mechanism at the Ministerial level. The 8th DPT reviewed the outcomes of maiden 2+2 conducted in September 2021. Both sides agreed for early finalization of hydrography agreement. The two sides also exchanged views on geo-political situation, regional and global issues of shared interest.
Source:PIB
