Media Release - Friday 24 Sept 21
AIDN and SIDM Sign MOU
The Australian Industry & Defence Network (AIDN) and the Society of Indian Defence Manufacturers (SIDM) have signed a memorandum of understanding (MOU) establishing a framework of cooperation between the two Defence Associations.
This agreement will facilitate the discussion of mutually beneficial cooperation in several key areas such as manufacturing, research and development to promote bilateral cooperation between Indian and Australian companies.
The associations will work closely with their respective Governments to establish an enabling ecosystem to promote bilateral cooperation between the two countries.
Importantly SIDM and AIDN agree to work closely together to ensure an open dialogue between both association memberships and to enhance mutually beneficial opportunities.
Both organisations will exchange information of interest and seek opportunities for both Indian and Australian companies to work closely together.
“The MOU between SIDM and AIDN will enhance bilateral defence industry cooperation; plethora of opportunities for both countries with shared interests and a common vision of a free, open, peaceful, prosperous and rules-based Indo-Pacific region.” Captain (IN) Akhilesh Menon, Defence Attaché, High Commission of India, Canberra.
Mr Graham Priestnall, Chair of AIDN said, “this agreement will ensure that Australian and Indian companies can develop close arrangements that will benefit industry in both countries, our members are looking forward to having the opportunity to work with their Indian counterparts.”
The signing was the culmination of several months’ worth of effort between AIDN and SIDM.