Russia and North Korea are further strengthening their strategic partnership, with Russian President Vladimir Putin and North Korean leader Kim Jong Un reaffirming deepening ties.

The growing relationship between Moscow and Pyongyang has drawn international attention amid heightened geopolitical tensions and Russia’s ongoing war in Ukraine. Both sides have increasingly emphasized closer cooperation and strategic coordination.

Watch this report for the latest developments in Russia-North Korea relations and what the deepening partnership could mean for regional and global geopolitics.

Russia & North Korea Boost Ties | Putin & Kim Reaffirm Deepening Strategic Partnership

The Philippines has praised India’s BrahMos supersonic cruise missile, calling it a major boost to the country's defense capabilities amid rising tensions in the South China Sea. In an exclusive conversation, the Philippine Ambassador to India highlighted how the BrahMos missile strengthens Manila's deterrence strategy and opens the door for deeper defense cooperation with New Delhi. The development comes as External Affairs Minister Dr. S. Jaishankar visits Manila for ASEAN meetings and as the Philippines continues to challenge China's expansive claims in the South China Sea. Here's everything you need to know about the growing India-Philippines strategic partnership and its impact on regional security.

Philippines hails BrahMos missile, seeks stronger defense partnership with India amid China dispute

In a difficult move to adapt to the challenging economic landscape, Northvolt, a leading Swedish manufacturer of batteries, has announced plans to reduce costs and explore potential strategic partnerships.

This decision follows a thorough evaluation of the company's strategic direction, aimed at realigning its operations in response to various challenges, including production delays and the loss of a major order from BMW in Germany as detailed in a report by CNBC.

Realigning for resilience and exploring alliances<o:p></o:p>

Northvolt's decision to moderate its rapid growth trajectory is a direct response to the current macroeconomic environment. The company, known for its large-scale cell production, is taking proactive steps to ensure its long-term sustainability. In a statement, Northvolt highlighted the necessity of these actions, stating, "These measures are indicative of a tough macroeconomic landscape and our subsequent re-evaluation of Northvolt's immediate objectives."

The move to cut costs is part of a broader strategy to enhance operational efficiency and reduce financial burdens. This approach is crucial in a market where companies are facing numerous challenges, from supply chain disruptions to fluctuating demand. By streamlining its operations, Northvolt aims to maintain its competitive edge while navigating these difficult challenges.

Brief history of Northvolt <o:p></o:p>

Northvolt AB is a Swedish battery developer and manufacturer, specialising in lithium-ion technology for electric vehicles. Founded in 2015 by two former Tesla executives, it commissioned its first manufacturing plant in Skelleftea, Sweden in 2021 and had earlier announced plans for five others in Europe and North America.

Further, Northvolt, which was last valued privately by investors at $12 billion, is backed by several notable blue-chip investors. Backers include BlackRock, the world’s largest asset manager, Goldman Sachs, Volkswagen, Baillie Gifford, an early Tesla investor, and Singaporean sovereign wealth fund GIC.

Focus shifts to partnerships and cost-cutting<o:p></o:p>

Further, in addition to cost-cutting measures, Northvolt is actively seeking strategic partnerships to bolster its position in the market. These alliances are expected to bring in new resources, expertise, and market opportunities, helping the company to diversify its revenue streams and mitigate risks. The strategic partnerships will also enable Northvolt to leverage the strengths of its partners, thereby enhancing its overall performance and resilience.

The decision to explore partnerships underscores Northvolt's commitment to innovation and growth. By collaborating with other industry players, the company can accelerate the development of new technologies and improve its manufacturing processes. This collaborative approach is likely to yield significant benefits, including improved product quality, reduced production costs, and enhanced market reach.

Real challenge is to overcome production delays<o:p></o:p>

One of the key challenges that Northvolt has faced recently is production delays. These holdups have impacted the company's ability to meet demand efficiently, leading to additional costs and reduced productivity. The cost-cutting measures and strategic partnerships are designed to address these issues by optimizing production processes and ensuring a more stable supply chain.

The loss of a significant order from BMW in Germany has also been a significant setback for Northvolt, as the car major canceled a deal worth 2 billion euros for the delivery of electric vehicle batteries starting in 2024.

However, Northvolt is using this as an opportunity to reassess its priorities and focus on more sustainable growth. By diversifying its customer base and strengthening its operational capabilities, Northvolt aims to reduce its dependence on any single client and build a more robust business model. Hence, Northvolt's decision to cut costs and explore new partnerships is a strategic move to ensure the company's long-term success. 

<o:p>&nbsp;</o:p>

In a difficult move to adapt to the challenging economic landscape, Northvolt, a leading Swedish manufacturer of batteries, has announced plans to reduce costs and explore potential strategic partnerships.

In a difficult move to adapt to the challenging economic landscape, Northvolt, a leading Swedish manufacturer of batteries, has announced plans to reduce costs and explore potential strategic partnerships. This decision follows a thorough evaluation of the company's strategic direction, aimed at realigning its operations in response to various challenges, including production delays and the loss of a major order from BMW in Germany as detailed in a report by CNBC. Realigning for resilience and exploring alliances Northvolt's decision to moderate its rapid growth trajectory is a direct response to the current macroeconomic environment. The company, known for its large-scale cell production, is taking proactive steps to ensure its long-term sustainability. In a statement, Northvolt highlighted the necessity of these actions, stating, "These measures are indicative of a tough macroeconomic landscape and our subsequent re-evaluation of Northvolt's immediate objectives." The move to cut costs is part of a broader strategy to enhance operational efficiency and reduce financial burdens. This approach is crucial in a market where companies are facing numerous challenges, from supply chain disruptions to fluctuating demand. By streamlining its operations, Northvolt aims to maintain its competitive edge while navigating these difficult challenges. Brief history of Northvolt Northvolt AB is a Swedish battery developer and manufacturer, specialising in lithium-ion technology for electric vehicles. Founded in 2015 by two former Tesla executives, it commissioned its first manufacturing plant in Skelleftea, Sweden in 2021 and had earlier announced plans for five others in Europe and North America. Further, Northvolt, which was last valued privately by investors at $12 billion, is backed by several notable blue-chip investors. Backers include BlackRock, the world’s largest asset manager, Goldman Sachs, Volkswagen, Baillie Gifford, an early Tesla investor, and Singaporean sovereign wealth fund GIC. Focus shifts to partnerships and cost-cutting Further, in addition to cost-cutting measures, Northvolt is actively seeking strategic partnerships to bolster its position in the market. These alliances are expected to bring in new resources, expertise, and market opportunities, helping the company to diversify its revenue streams and mitigate risks. The strategic partnerships will also enable Northvolt to leverage the strengths of its partners, thereby enhancing its overall performance and resilience. The decision to explore partnerships underscores Northvolt's commitment to innovation and growth. By collaborating with other industry players, the company can accelerate the development of new technologies and improve its manufacturing processes. This collaborative approach is likely to yield significant benefits, including improved product quality, reduced production costs, and enhanced market reach. Real challenge is to overcome production delays One of the key challenges that Northvolt has faced recently is production delays. These holdups have impacted the company's ability to meet demand efficiently, leading to additional costs and reduced productivity. The cost-cutting measures and strategic partnerships are designed to address these issues by optimizing production processes and ensuring a more stable supply chain. The loss of a significant order from BMW in Germany has also been a significant setback for Northvolt, as the car major canceled a deal worth 2 billion euros for the delivery of electric vehicle batteries starting in 2024. However, Northvolt is using this as an opportunity to reassess its priorities and focus on more sustainable growth. By diversifying its customer base and strengthening its operational capabilities, Northvolt aims to reduce its dependence on any single client and build a more robust business model. Hence, Northvolt's decision to cut costs and explore new partnerships is a strategic move to ensure the company's long-term success.

Northvolt announces cost-cutting measures and strategic partnerships amidst challenging market conditions

The United States and Vietnam on Sunday (September 10) signed the deal to deepen relations and cooperation on strategic supply during a visit by US President Joe Biden to the Asian nation. Biden's visit to Vietnam has come amid increasing Chinese influence and assertiveness in the region.

Biden flew to Vietnam after attending G20 Summit in New Delhi. He met Nguyen Phu Trong, leader of Vietnam's ruling Communist Party and&nbsp;signed on a "comprehensive strategic partnership" which is Vietnam's highest level of diplomatic ties.

The US has in recent years, sought to take proactive steps in the Indo-Pacific, particularly in the South China Sea area. China has been attempting to enhance its influence in the region.&nbsp;

"This can be the beginning of even a greater era of cooperation," Biden said as he met Trong, Vietnam's paramount leader.&nbsp;

"Vietnam and the United States are critical partners at what I would argue is a very critical time."&nbsp;

The deal with Vietnam puts the US on par with China and other countries like Russia, India and South Korea, in the Vietnamese hierarchy of diplomatic relations.

"We're deepening our cooperation on critical emerging technologies, particularly around building a more resilient semiconductor supply chain," Biden said.&nbsp;

Trong thanked Biden for his contribution to improving US-Vietnamese ties. He said Vietnam would work hard to implement the new agreement with the US.

<h2>Rare earth minerals in the mix</h2>

Ahead of Biden's arrival, US Deputy National Security Adviser Joe Finer told reporters that talks between the US and Vietnam would also cover supplies of rare earth minerals which are used in the manufacture of high-tech devices like smartphones and electric car batteries.

Vietnam has world's second-largest deposits of rare earth minerals after China. US has said that Vietnam has a key role to play as it aims to source less from China.

Biden moved last month to restrict US investment in Chinese technology in sensitive areas including semiconductors, quantum computing and artificial intelligence.&nbsp;

<h2>India-Europe corridor not to hurt China: Biden</h2>

Biden addressed a press conference in Hanoi after the agreement between the US and Vietnam was signed. While talking about variety of topics, Biden stressed that the India-Middle East-Europe Economic Corridor (IMEC) was not an attempt to China.

During the G20 Summit, India, US, the EU, Saudi Arabia, France, Germany, Italy and UAE signed a Memorandum of Understanding (MoU) over the IMEC.

The IMEC is widely perceived to be a counter to the China-led Belt and Road Initiative (BRI).

Biden said during the press conference that he met Chinese Premier Li Qiang during the G20 Summit. Chinese President Xi Jinping had skipped the summit and sent the premier instead.

"We talked about stability... it wasn't confrontational at all," Biden said.

He added that he hoped to meet Xi Jinping sooner or later.

"I don't want to contain China," he said. But also alleged that China was "beginning to change some of the rules of the game" in international relations. 
 
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The United States and Vietnam on Sunday (September 10) signed the deal to deepen relations and cooperation on strategic supply during a visit by US President Joe Biden to the Asian nation.

The United States and Vietnam on Sunday (September 10) signed the deal to deepen relations and cooperation on strategic supply during a visit by US President Joe Biden to the Asian nation. Biden's visit to Vietnam has come amid increasing Chinese influence and assertiveness in the region. Biden flew to Vietnam after attending G20 Summit in New Delhi. He met Nguyen Phu Trong, leader of Vietnam's ruling Communist Party and signed on a "comprehensive strategic partnership" which is Vietnam's highest level of diplomatic ties. The US has in recent years, sought to take proactive steps in the Indo-Pacific, particularly in the South China Sea area. China has been attempting to enhance its influence in the region. "This can be the beginning of even a greater era of cooperation," Biden said as he met Trong, Vietnam's paramount leader. "Vietnam and the United States are critical partners at what I would argue is a very critical time." The deal with Vietnam puts the US on par with China and other countries like Russia, India and South Korea, in the Vietnamese hierarchy of diplomatic relations. "We're deepening our cooperation on critical emerging technologies, particularly around building a more resilient semiconductor supply chain," Biden said. Trong thanked Biden for his contribution to improving US-Vietnamese ties. He said Vietnam would work hard to implement the new agreement with the US. Rare earth minerals in the mix Ahead of Biden's arrival, US Deputy National Security Adviser Joe Finer told reporters that talks between the US and Vietnam would also cover supplies of rare earth minerals which are used in the manufacture of high-tech devices like smartphones and electric car batteries. Vietnam has world's second-largest deposits of rare earth minerals after China. US has said that Vietnam has a key role to play as it aims to source less from China. Biden moved last month to restrict US investment in Chinese technology in sensitive areas including semiconductors, quantum computing and artificial intelligence. India-Europe corridor not to hurt China: Biden Biden addressed a press conference in Hanoi after the agreement between the US and Vietnam was signed. While talking about variety of topics, Biden stressed that the India-Middle East-Europe Economic Corridor (IMEC) was not an attempt to China. During the G20 Summit, India, US, the EU, Saudi Arabia, France, Germany, Italy and UAE signed a Memorandum of Understanding (MoU) over the IMEC. The IMEC is widely perceived to be a counter to the China-led Belt and Road Initiative (BRI). Biden said during the press conference that he met Chinese Premier Li Qiang during the G20 Summit. Chinese President Xi Jinping had skipped the summit and sent the premier instead. "We talked about stability... it wasn't confrontational at all," Biden said. He added that he hoped to meet Xi Jinping sooner or later. "I don't want to contain China," he said. But also alleged that China was "beginning to change some of the rules of the game" in international relations. You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here. WATCH WION LIVE HERE ×

US, Vietnam sign 'comprehensive strategic partnership' during Biden's visit

US President Joe Biden is planning to sign a strategic partnership agreement with Vietnam during his state visit to the Southeast Asian country in mid-Spetember, Politico has reported citing three people with knowledge of the planning towards such a deal.

The agreement will reportedly allow for new bilateral collaboration between the US and Vietnam which will boost the latter's efforts to develop its high technology sector in areas including semiconductor production and artificial intelligence.

Reuters said citing a source that Biden was thinking of visiting Vietnam in September. Earlier this month, Biden had said that he would be travelling to Vietnam "shortly" as the country wanted to stregthen its ties with the US and become a major partner.

There hasn't been an official confirmation from the White House about specifics of the trip. There was no immediate statement from Vietnam's foreign ministry. Reuters reported that ministry spokesperson Pham Thu Hang on Thursday did not confirm or deny a possible Biden visit.

"High-level leaders of the two countries have agreed and are discussing measures to further deepen bilateral relation in a stable, substantive and long-term manner, and aiming to upgrade (the relation) to a new level when possible," Hang told a regular press conference as quoted by Reuters.

Also Read | <a href="https://www.wionews.com/world/after-chinese-military-drills-around-taiwan-taipei-accuses-beijing-of-trying-to-shape-upcoming-poll-626945">After Chinese military drills around Taiwan, Taipei accuses Beijing of trying to shape upcoming poll</a>

US Secretary of State Antony Blinken met Vietnamese Prime Minister Phan Minh Chih in April. Both leaders expressed desire to deepen ties between the two countries. The United States is trying to solidify its ties with Asian countries just when China is getting increasingly assertive in the region and flexed its muscle in number of disputes including the one in South China Sea.

Officials have not said what the closer relationship might entail, but experts say it could include increased military cooperation and US weapon supplies.

(With inputs from agencies)

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US President Joe Biden is planning to sign a strategic partnership agreement with Vietnam during his state visit to the Southeast Asian country in mid-Spetember, Politico has reported citing three people with knowledge of the planning towards such a deal.

US President Joe Biden is planning to sign a strategic partnership agreement with Vietnam during his state visit to the Southeast Asian country in mid-Spetember, Politico has reported citing three people with knowledge of the planning towards such a deal. The agreement will reportedly allow for new bilateral collaboration between the US and Vietnam which will boost the latter's efforts to develop its high technology sector in areas including semiconductor production and artificial intelligence. Reuters said citing a source that Biden was thinking of visiting Vietnam in September. Earlier this month, Biden had said that he would be travelling to Vietnam "shortly" as the country wanted to stregthen its ties with the US and become a major partner. There hasn't been an official confirmation from the White House about specifics of the trip. There was no immediate statement from Vietnam's foreign ministry. Reuters reported that ministry spokesperson Pham Thu Hang on Thursday did not confirm or deny a possible Biden visit. "High-level leaders of the two countries have agreed and are discussing measures to further deepen bilateral relation in a stable, substantive and long-term manner, and aiming to upgrade (the relation) to a new level when possible," Hang told a regular press conference as quoted by Reuters. Also Read | After Chinese military drills around Taiwan, Taipei accuses Beijing of trying to shape upcoming poll US Secretary of State Antony Blinken met Vietnamese Prime Minister Phan Minh Chih in April. Both leaders expressed desire to deepen ties between the two countries. The United States is trying to solidify its ties with Asian countries just when China is getting increasingly assertive in the region and flexed its muscle in number of disputes including the one in South China Sea. Officials have not said what the closer relationship might entail, but experts say it could include increased military cooperation and US weapon supplies. (With inputs from agencies) You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here. WATCH WION LIVE HERE ×

US President Joe Biden plans strategic partnership agreement with Vietnam: Report

India is hosting the meeting of foreign ministers of the Association of South East Asian nations (ASEAN). This meet marks 30 years of India-ASEAN dialogue and the 10th anniversary of strategic partnership with the 10 nation group

India hosts Asean-Foreign ministers meet

Prime Minister Narendra Modi met his Vietnam counterpart Pham Minh Chinh and had a productive exchange on the sideline of COP26 in Glasgow, informed the Embassy of India in Hanoi on Wednesday.

India and Vietnam reaffirming comprehensive strategic partnership, it added.

Also Read |&nbsp;<a href="https://www.wionews.com/india-news/cop26-pm-modi-holds-bilateral-talks-with-british-pm-johnson-425920">COP26: PM Modi holds bilateral talks with British PM Johnson</a>

"Reaffirming Comprehensive Strategic Partnership! Prime Minister @narendramodiand Prime Minister Pham Minh Chinh had a productive exchange on the sidelines of #COP26 in Glasgow," tweeted Indian Embassy in Vietnam.

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Reaffirming 🇮🇳🇻🇳 Comprehensive Strategic Partnership! 
 
Prime Minister <a href="https://twitter.com/narendramodi?ref_src=twsrc%5Etfw">@narendramodi</a> and Prime Minister Pham Minh Chinh had a productive exchange on the sidelines of <a href="https://twitter.com/hashtag/COP26?src=hash&amp;ref_src=twsrc%5Etfw">#COP26</a> in Glasgow.<a href="https://twitter.com/hashtag/IndiaVietnam?src=hash&amp;ref_src=twsrc%5Etfw">#IndiaVietnam</a> <a href="https://twitter.com/MEAIndia?ref_src=twsrc%5Etfw">@MEAIndia</a> <a href="https://t.co/6INz4MHrg8">pic.twitter.com/6INz4MHrg8</a>
— India in Vietnam (@AmbHanoi) <a href="https://twitter.com/AmbHanoi/status/1455704988789841923?ref_src=twsrc%5Etfw">November 3, 2021</a></blockquote>
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PM Modi was on his five-day foreign visit to Rome, Italy and Glasgow, UK. He returned to India on Wednesday morning after enhancing India's self-declared renewable energy commitments at COP26 in Glasgow, and outlining India's position on global issues at G20 Summit.

PM Modi also held various bilateral meetings with several heads of the state on the sidelines of the G20.

He met German Chancellor Dr Angela Merkel, Spanish Prime Minister Pedro Sanchez and Italian Prime Minister Mario Draghi, Pope Francis, President of the European Council, Charles Michel, President of the European Commission, Ursula von der Leyen.

Also Read |&nbsp;<a href="https://www.wionews.com/india-news/cop26-major-takeaways-from-pm-modis-speech-at-the-climate-summit-425960">COP26: Major takeaways from PM Modi's speech at the climate sumit</a>

In Rome, Prime Minister also met Indonesia President Joko Widodo and Prime Minister of Singapore, Lee Hsien Loong.

The Prime Minister also met French President Emmanuel Macron. During his COP26 address on Monday, Prime Minister Modi announced five "amrit tatva" including the target to attain net-zero emissions by 2070.

He declared that India will increase its capacity of non-fossil energy capacity to 500 GW and meet 50 per cent of its energy requirements through renewable energy by 2030.&nbsp;

Prime Minister Narendra Modi met his Vietnam counterpart Pham Minh Chinh and had a productive exchange on the sideline of COP26 in Glasgow, informed the Embassy of India in Hanoi on Wednesday.

Prime Minister Narendra Modi met his Vietnam counterpart Pham Minh Chinh and had a productive exchange on the sideline of COP26 in Glasgow, informed the Embassy of India in Hanoi on Wednesday. India and Vietnam reaffirming comprehensive strategic partnership, it added. Also Read | COP26: PM Modi holds bilateral talks with British PM Johnson "Reaffirming Comprehensive Strategic Partnership! Prime Minister @narendramodiand Prime Minister Pham Minh Chinh had a productive exchange on the sidelines of #COP26 in Glasgow," tweeted Indian Embassy in Vietnam. Reaffirming 🇮🇳🇻🇳 Comprehensive Strategic Partnership! Prime Minister @narendramodi and Prime Minister Pham Minh Chinh had a productive exchange on the sidelines of #COP26 in Glasgow.#IndiaVietnam @MEAIndia pic.twitter.com/6INz4MHrg8 — India in Vietnam (@AmbHanoi) November 3, 2021 × PM Modi was on his five-day foreign visit to Rome, Italy and Glasgow, UK. He returned to India on Wednesday morning after enhancing India's self-declared renewable energy commitments at COP26 in Glasgow, and outlining India's position on global issues at G20 Summit. PM Modi also held various bilateral meetings with several heads of the state on the sidelines of the G20. He met German Chancellor Dr Angela Merkel, Spanish Prime Minister Pedro Sanchez and Italian Prime Minister Mario Draghi, Pope Francis, President of the European Council, Charles Michel, President of the European Commission, Ursula von der Leyen. Also Read | COP26: Major takeaways from PM Modi's speech at the climate sumit In Rome, Prime Minister also met Indonesia President Joko Widodo and Prime Minister of Singapore, Lee Hsien Loong. The Prime Minister also met French President Emmanuel Macron. During his COP26 address on Monday, Prime Minister Modi announced five "amrit tatva" including the target to attain net-zero emissions by 2070. He declared that India will increase its capacity of non-fossil energy capacity to 500 GW and meet 50 per cent of its energy requirements through renewable energy by 2030.

Indian PM Modi, Vietnam's Pham Minh Chinh meet on sidelines of COP26, reaffirm strategic ties

The Defence Acquisition Council (DAC), in its meeting held under the Chairmanship of Union Defence Minister Rajnath Singh on Friday, approved proposals concerning capital acquisitions of various equipment for the modernisation and operational needs of the armed forces amounting to approximately $60,000 million (Rs 6,000 crore).

In addition, the DAC also approved the issue of RFP for the construction of six conventional submarines under Project P 75 (I) under the Strategic Partnership (SP) Model.

Also Read |&nbsp;<a href="https://www.wionews.com/india-news/important-for-india-china-to-reach-some-kind-of-understanding-jaishankar-at-us-india-strategic-partnership-forum-324381">Important for India, China to reach some kind of understanding: Jaishankar at US-India Strategic Partnership Forum</a>

This project envisages the indigenous construction of six conventional submarines equipped with the state-of-the-art Air Independent Propulsion system at an estimated cost of $430,000 million&nbsp;(Rs 43,000 crore).

As per the official press release by the Ministry of Defence, this is a landmark approval, being the first case processed under the Strategic Partnership model.

This would be one of the largest 'Make in India' projects and will serve to facilitate faster and more significant absorption of technology and create a tiered industrial ecosystem for submarine construction in India.

Also Read |&nbsp;<a href="https://www.wionews.com/india-news/why-indian-army-is-seeking-future-tanks-amid-tensions-with-china-389540">Why Indian Army is seeking 'Future Tanks' amid tensions with China</a>

With accord of this approval, the country will be enabled to achieve its 30-year Submarine construction programme envisioned by the Government to acquire national competence in submarine construction and for the Indian industry to independently design and construct submarines in India.

This project under SP Model provides a unique long-term opportunity and planning certainty for the industry to invest and support submarine construction. It will also infuse the latest technology and weaponry for submarines in India through a strategic tie-up between the Indian Industry and leading foreign Original Equipment Manufacturer (OEMs).

Also Read |&nbsp;<a href="https://www.wionews.com/photos/indian-army-targets-ai-powered-battle-tanks-with-eye-on-china-389288">Indian Army targets AI-powered battle tanks with eye on China</a>

There was a long pending need of the Indian Army for the modernisation of its Air Defence guns. These had been earlier procured only from foreign sources.

With the continued thrust of the Ministry of Defence towards 'AtmaNirbhar Bharat' and 'Make in India', an enthusiastic response from about a dozen Indian companies was received. All of them have expressed their willingness and commitment to manufacturing this complex gun system and associated equipment by ensuring technology assimilation in India.

Also Read |&nbsp;<a href="https://www.wionews.com/india-news/post-brexit-roadmap-key-takeaways-from-uk-india-trade-deal-382811">Post-Brexit roadmap: Key takeaways from UK-India trade deal</a>

Accordingly, the DAC accorded approval of procurement of Air Defence Guns and Ammunition at an approximate cost of $60,000 million (Rs 6,000 crore) under the Buy and Make (Indian) category.

Further to better equip the Armed Forces to meet the operational challenges and facilitate faster induction of required arms and ammunition, the DAC extended the timelines for progressing urgent Capital Acquisitions under the delegated powers to the Armed Forces up to August 31, 2021.

This will enable the Armed Forces to complete their emergent and critical acquisitions.

The Defence Acquisition Council (DAC), in its meeting held under the Chairmanship of Union Defence Minister Rajnath Singh on Friday, approved proposals concerning capital acquisitions of various equipment for the modernisation and operational needs of the armed forces amounting to approximately $60,000 million (Rs 6,000 crore).

The Defence Acquisition Council (DAC), in its meeting held under the Chairmanship of Union Defence Minister Rajnath Singh on Friday, approved proposals concerning capital acquisitions of various equipment for the modernisation and operational needs of the armed forces amounting to approximately $60,000 million (Rs 6,000 crore). In addition, the DAC also approved the issue of RFP for the construction of six conventional submarines under Project P 75 (I) under the Strategic Partnership (SP) Model. Also Read | Important for India, China to reach some kind of understanding: Jaishankar at US-India Strategic Partnership Forum This project envisages the indigenous construction of six conventional submarines equipped with the state-of-the-art Air Independent Propulsion system at an estimated cost of $430,000 million (Rs 43,000 crore). As per the official press release by the Ministry of Defence, this is a landmark approval, being the first case processed under the Strategic Partnership model. This would be one of the largest 'Make in India' projects and will serve to facilitate faster and more significant absorption of technology and create a tiered industrial ecosystem for submarine construction in India. Also Read | Why Indian Army is seeking 'Future Tanks' amid tensions with China With accord of this approval, the country will be enabled to achieve its 30-year Submarine construction programme envisioned by the Government to acquire national competence in submarine construction and for the Indian industry to independently design and construct submarines in India. This project under SP Model provides a unique long-term opportunity and planning certainty for the industry to invest and support submarine construction. It will also infuse the latest technology and weaponry for submarines in India through a strategic tie-up between the Indian Industry and leading foreign Original Equipment Manufacturer (OEMs). Also Read | Indian Army targets AI-powered battle tanks with eye on China There was a long pending need of the Indian Army for the modernisation of its Air Defence guns. These had been earlier procured only from foreign sources. With the continued thrust of the Ministry of Defence towards 'AtmaNirbhar Bharat' and 'Make in India', an enthusiastic response from about a dozen Indian companies was received. All of them have expressed their willingness and commitment to manufacturing this complex gun system and associated equipment by ensuring technology assimilation in India. Also Read | Post-Brexit roadmap: Key takeaways from UK-India trade deal Accordingly, the DAC accorded approval of procurement of Air Defence Guns and Ammunition at an approximate cost of $60,000 million (Rs 6,000 crore) under the Buy and Make (Indian) category. Further to better equip the Armed Forces to meet the operational challenges and facilitate faster induction of required arms and ammunition, the DAC extended the timelines for progressing urgent Capital Acquisitions under the delegated powers to the Armed Forces up to August 31, 2021. This will enable the Armed Forces to complete their emergent and critical acquisitions.

Defence Acquisition Council approves RFP for construction of six submarines at $430 mn

Prime Minister Narendra Modi has been awarded the Legion of Merit by US President Donald Trump for his leadership in elevating the US-India strategic partnership.

India’s Ambassador to the US, Taranjit Singh Sandhu, accepted the award on behalf of the prime minister from the US National Security Advisor Robert O’Brien at the White House.

President Trump “presented the Legion of Merit to Indian Prime Minister Narendra Modi for his leadership in elevating the US-India strategic partnership,” O’Brien said in a tweet.

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“President <a href="https://twitter.com/realDonaldTrump?ref_src=twsrc%5Etfw">@realDonaldTrump</a> presented the Legion of Merit to Indian Prime Minister Narendra Modi for his leadership in elevating the U.S.-India strategic partnership. Ambassador <a href="https://twitter.com/SandhuTaranjitS?ref_src=twsrc%5Etfw">@SandhuTaranjitS</a> accepted the medal on behalf of Prime Minister Modi.” –NSA Robert C. O’Brien <a href="https://t.co/QhOjTROdCC">pic.twitter.com/QhOjTROdCC</a>
— NSC (@WHNSC) <a href="https://twitter.com/WHNSC/status/1341157503539830785?ref_src=twsrc%5Etfw">December 21, 2020</a></blockquote>
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Modi was presented with the highest degree Chief Commander of the Legion of Merit which is given only to the Head of State or Government.

He was given the award in recognition of his steadfast leadership and vision that has accelerated India’s emergence as a global power and elevated the strategic partnership between the United States and India to address global challenges.

O’Brien in another tweet said that Trump also presented the Legion of Merit to Australian Prime Minister Scott Morrison and the former Japanese Prime Minister Shinzo Abe. The awards were received by their respective ambassadors in Washington DC.

President Trump “awarded the Legion of Merit to Japanese Prime Minister Shinzo Abe for his leadership and vision for a free and open Indo-Pacific,” he said.

Trump awarded the Legion of Merit to Australian Prime Minister Scott Morrison for his leadership in addressing global challenges and promoting collective security, O’Brien tweeted.

The United States is the latest country to confer its highest award to the Indian prime minister. Other awards include Order of Abdulaziz Al Saud by Saudi Arabia in 2016, State Order of Ghazi Amir Amanullah Khan (2016), Grand Collar of the State of Palestine Award (2018), Order of Zayed Award by United Arab Emirates (2019), Order of St Andrew by Russia (2019), Order of the Distinguished Rule of Nishan Izzuddin by Maldives (2019).

(With inputs from PTI)

Prime Minister Narendra Modi has been awarded the Legion of Merit by US President Donald Trump for his leadership in elevating the US-India strategic partnership.

Prime Minister Narendra Modi has been awarded the Legion of Merit by US President Donald Trump for his leadership in elevating the US-India strategic partnership. India’s Ambassador to the US, Taranjit Singh Sandhu, accepted the award on behalf of the prime minister from the US National Security Advisor Robert O’Brien at the White House. President Trump “presented the Legion of Merit to Indian Prime Minister Narendra Modi for his leadership in elevating the US-India strategic partnership,” O’Brien said in a tweet. “President @realDonaldTrump presented the Legion of Merit to Indian Prime Minister Narendra Modi for his leadership in elevating the U.S.-India strategic partnership. Ambassador @SandhuTaranjitS accepted the medal on behalf of Prime Minister Modi.” –NSA Robert C. O’Brien pic.twitter.com/QhOjTROdCC — NSC (@WHNSC) December 21, 2020 × Modi was presented with the highest degree Chief Commander of the Legion of Merit which is given only to the Head of State or Government. He was given the award in recognition of his steadfast leadership and vision that has accelerated India’s emergence as a global power and elevated the strategic partnership between the United States and India to address global challenges. O’Brien in another tweet said that Trump also presented the Legion of Merit to Australian Prime Minister Scott Morrison and the former Japanese Prime Minister Shinzo Abe. The awards were received by their respective ambassadors in Washington DC. President Trump “awarded the Legion of Merit to Japanese Prime Minister Shinzo Abe for his leadership and vision for a free and open Indo-Pacific,” he said. Trump awarded the Legion of Merit to Australian Prime Minister Scott Morrison for his leadership in addressing global challenges and promoting collective security, O’Brien tweeted. The United States is the latest country to confer its highest award to the Indian prime minister. Other awards include Order of Abdulaziz Al Saud by Saudi Arabia in 2016, State Order of Ghazi Amir Amanullah Khan (2016), Grand Collar of the State of Palestine Award (2018), Order of Zayed Award by United Arab Emirates (2019), Order of St Andrew by Russia (2019), Order of the Distinguished Rule of Nishan Izzuddin by Maldives (2019). (With inputs from PTI)

Donald Trump presents Legion of Merit to PM Modi for elevating US-India strategic partnership

Indian PM Narendra Modi spoke to US President-elect Joe Biden on Tuesday to congratulate him on his win and reiterate India's firm commitment to its strategic partnership with the United States. The Prime Minister also offered his congratulations to Vice President-elect Kamala Harris, and said that her success was a matter of pride for the Indian-American community.

PM Modi & Biden discuss issues of mutual cooperation | Indian PM also hails VP elect Kamala Harris

Prime Minister Narendra Modi has been honoured with Russia’s highest state decoration, the Order of St Andrew the Apostle for promoting strategic partnership. Watch full video to know more.

Russia honours PM Narendra Modi with its highest award for promoting strategic partnership

The G20 Summit 2018, besides its normal proceedings, will be remembered for a large number of bilateral and trilateral meetings on the sidelines, which seem to be even more significant than the main purpose of the meet.&nbsp;

There were some high profile bilateral meetings like US-China in the context of trade war. Meanwhile, US–Russia meeting (scheduling of which saw many flip-flops) finally could not take place due to Ukraine crisis&nbsp;and ongoing investigations into alleged Russia's involvement in the US elections.&nbsp;

The two trilateral meetings involving US-Japan-India and China-Russia-India were also very significant because of the peculiarity of Indian position in both the meetings. One of the reasons for this phenomenon is that the world has become more interconnected, hence even bilateral relations between global powers impact the world directly or indirectly.&nbsp;

For an instance, when a large number of countries including US allies, strategic and trade partners joined The Asian Infrastructure Investment Bank (AIIB), against the wishes of the US, it was quite evident that a time has come when many countries will like to have alternate sources of funding other than west dominated IMF or Japan-led Asian Development Bank (ADB). Similarly, when China exhibited aggressive design of converting atolls into artificial islands ignoring international laws, a group of democratic countries huddled together to form 'the QUAD' with a potential to counterbalance such moves.

The international relationships and strategic interests of most countries in the interlinked world today are so interwoven, that it is difficult to count countries only in one grouping; hence, many new issue based groupings have emerged in last few decades. &nbsp; &nbsp;

In the exuberance of pursuing ‘America First’ policy, in the last few years, the US has been highly critical of some of its allies, strategic and trade partners. In some cases, it used threatening gestures, while some others were slapped with sanctions. The policy got a major jolt when America literally threatened everyone to support their decision of shifting embassy to Jerusalem, but many countries junked the threat and voted as per their own perception. Pulling out of the Paris Accord for Climate Change, Iran Nuclear deal, TPP are some more examples when many of US allies were not on the same page with the Trump Administration.&nbsp;

The last G7 Summit was not a pleasant experience for the US allies due to alleged self-centred economic approach of America. The NATO allies are also relatively lesser confident of the US-backing and keep waiting for next surprise from Trump Administration. Under these circumstances, Is Trump's Concept of ‘With US’ or ‘Against the US’ is outdated in the interlinked world?&nbsp;

On the other hand, Chinese after announcing Belt and Road Initiative (BRI) in 2013, with the elevation of President Xi Jinping from ‘Chairman of everything’ to ‘Core’ and ‘Leader for life’, exhibited its expeditionary design starting from the South China Sea to land grabbing. With its fast growth, it tried to showcase that its methodology of governance was better than the democratic model. Its ‘Incremental Encroachment Strategy’ in Doklam and the South China Sea, exhibited Chinese ambitions exceeding beyond peaceful growth to the arena of global strategic dominance; hence it started facing opposition from a group of democratic countries.

In the case of Russia also, we find Germany, a US ally, drawing gas from them. Furthermore, Russia and China helped out North Korea with fuel and essentialities immediately after Singapore Summit between President Trump and North Korean leader Kim Jong-un. Russia - a strategic partner of India supplies military hardware to Pakistan. A cross-pollination of relations is therefore quite evident.&nbsp;

The time has come when most countries want to manage their international relations as per their own national interests and do not want their strategic choices to be dictated by others. It is also a fact that as the world becoming more interconnected, the trend of issue-based relationships is increasing. 
 
(Disclaimer: The opinions expressed above are the personal views of the author and do not reflect the views of ZMCL)

The G20 Summit 2018, besides its normal proceedings, will be remembered for a large number of bilateral and trilateral meetings on the sidelines, which seem to be even more significant than the main purpose of the meet.

The G20 Summit 2018, besides its normal proceedings, will be remembered for a large number of bilateral and trilateral meetings on the sidelines, which seem to be even more significant than the main purpose of the meet. There were some high profile bilateral meetings like US-China in the context of trade war. Meanwhile, US–Russia meeting (scheduling of which saw many flip-flops) finally could not take place due to Ukraine crisis and ongoing investigations into alleged Russia's involvement in the US elections. The two trilateral meetings involving US-Japan-India and China-Russia-India were also very significant because of the peculiarity of Indian position in both the meetings. One of the reasons for this phenomenon is that the world has become more interconnected, hence even bilateral relations between global powers impact the world directly or indirectly. For an instance, when a large number of countries including US allies, strategic and trade partners joined The Asian Infrastructure Investment Bank (AIIB), against the wishes of the US, it was quite evident that a time has come when many countries will like to have alternate sources of funding other than west dominated IMF or Japan-led Asian Development Bank (ADB). Similarly, when China exhibited aggressive design of converting atolls into artificial islands ignoring international laws, a group of democratic countries huddled together to form 'the QUAD' with a potential to counterbalance such moves. The international relationships and strategic interests of most countries in the interlinked world today are so interwoven, that it is difficult to count countries only in one grouping; hence, many new issue based groupings have emerged in last few decades. In the exuberance of pursuing ‘America First’ policy, in the last few years, the US has been highly critical of some of its allies, strategic and trade partners. In some cases, it used threatening gestures, while some others were slapped with sanctions. The policy got a major jolt when America literally threatened everyone to support their decision of shifting embassy to Jerusalem, but many countries junked the threat and voted as per their own perception. Pulling out of the Paris Accord for Climate Change, Iran Nuclear deal, TPP are some more examples when many of US allies were not on the same page with the Trump Administration. The last G7 Summit was not a pleasant experience for the US allies due to alleged self-centred economic approach of America. The NATO allies are also relatively lesser confident of the US-backing and keep waiting for next surprise from Trump Administration. Under these circumstances, Is Trump's Concept of ‘With US’ or ‘Against the US’ is outdated in the interlinked world? On the other hand, Chinese after announcing Belt and Road Initiative (BRI) in 2013, with the elevation of President Xi Jinping from ‘Chairman of everything’ to ‘Core’ and ‘Leader for life’, exhibited its expeditionary design starting from the South China Sea to land grabbing. With its fast growth, it tried to showcase that its methodology of governance was better than the democratic model. Its ‘Incremental Encroachment Strategy’ in Doklam and the South China Sea, exhibited Chinese ambitions exceeding beyond peaceful growth to the arena of global strategic dominance; hence it started facing opposition from a group of democratic countries. In the case of Russia also, we find Germany, a US ally, drawing gas from them. Furthermore, Russia and China helped out North Korea with fuel and essentialities immediately after Singapore Summit between President Trump and North Korean leader Kim Jong-un. Russia - a strategic partner of India supplies military hardware to Pakistan. A cross-pollination of relations is therefore quite evident. The time has come when most countries want to manage their international relations as per their own national interests and do not want their strategic choices to be dictated by others. It is also a fact that as the world becoming more interconnected, the trend of issue-based relationships is increasing. (Disclaimer: The opinions expressed above are the personal views of the author and do not reflect the views of ZMCL)

The importance of strategic balance in an interconnected world

China and Poland have agreed on Monday to upgrade their ties to a comprehensive strategic partnership during Chinese President Xi Jinping&#39;s&nbsp;visit to the country.

The move was made as Xi met with Polish President Andrzej Duda, in a bid to further promote cooperation across the board and benefit the two peoples.

Xi said at the meeting that the two peoples have enjoyed lasting friendship since the two countries established diplomatic relations 67 years ago.

The two countries have borne fruitful results in high-level and people-to-people exchanges, and economic and trade cooperation, especially since they established a strategic partnership in 2011, said Xi.

He added that China has cherished the traditional friendship with Poland and stands ready to work with Poland to push forward the bilateral relations in a sound and steady way.

Xi also called for efforts to enhance mutual trust, align development strategies of the two countries and boost interconnectivity and production cooperation under the Belt and Road initiative.

Bilateral cooperation in economy and trade, finance, agriculture, science and technology should be promoted, according to Xi.

Hailing the bilateral ties, Duda said that Poland is willing to strengthen cooperation within the framework of the Sino-Polish comprehensive strategic partnership in various areas including the Belt and Road initiative, the Asian Infrastructure Investment Bank, and people-to-people exchanges.

A joint statement on the establishment of a comprehensive strategic partnership was inked after the meeting, as well as a memorandum of understanding on a bilateral cooperation blueprint.

Poland is the second leg of Xi&#39;s Eurasia tour. Before visiting Poland, Xi visited Serbia from June 17 to June 19.

After visiting Poland, Xi will travel to Uzbekistan for a state visit and attend a summit of the Shanghai Cooperation Organization. 
 
(Reuters)

A bunch of cooperation agreements signed covering various aspects, including infrastructure construction, education, culture and aerospace

China and Poland have agreed on Monday to upgrade their ties to a comprehensive strategic partnership during Chinese President Xi Jinping's visit to the country. The move was made as Xi met with Polish President Andrzej Duda, in a bid to further promote cooperation across the board and benefit the two peoples. Xi said at the meeting that the two peoples have enjoyed lasting friendship since the two countries established diplomatic relations 67 years ago. The two countries have borne fruitful results in high-level and people-to-people exchanges, and economic and trade cooperation, especially since they established a strategic partnership in 2011, said Xi. He added that China has cherished the traditional friendship with Poland and stands ready to work with Poland to push forward the bilateral relations in a sound and steady way. Xi also called for efforts to enhance mutual trust, align development strategies of the two countries and boost interconnectivity and production cooperation under the Belt and Road initiative. Bilateral cooperation in economy and trade, finance, agriculture, science and technology should be promoted, according to Xi. Hailing the bilateral ties, Duda said that Poland is willing to strengthen cooperation within the framework of the Sino-Polish comprehensive strategic partnership in various areas including the Belt and Road initiative, the Asian Infrastructure Investment Bank, and people-to-people exchanges. A joint statement on the establishment of a comprehensive strategic partnership was inked after the meeting, as well as a memorandum of understanding on a bilateral cooperation blueprint. Poland is the second leg of Xi's Eurasia tour. Before visiting Poland, Xi visited Serbia from June 17 to June 19. After visiting Poland, Xi will travel to Uzbekistan for a state visit and attend a summit of the Shanghai Cooperation Organization. (Reuters)

China, Poland to lift ties to comprehensive strategic partnership

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