 "Reliance Defence and Abu Dhabi Ship Building sign MoU")
Reliance Infrastructure arm Reliance Defence has signed MOU with Abu Dhabi Ship Building (ADSB) for the production of naval, military and commercial vessels.
Under this MOU, both the companies will investigate the opportunity to set up a strategic partnership for the construction of naval ships including frigates, destroyers and other specialized vessels to address the Gulf Cooperation Council (GCC) over the next 10 years. The agreement could also see ADSB delivering maintenance, repair, overhaul and refit services to the vessels, in line with regional requirements.
Reliance Group will use its newly acquired shipbuilding facilities at Pipavav for this collaboration. The collaboration will help both companies expand their market share and address new opportunities.