For strategic partnership in defence sector
Reliance Infrastructure announced that its subsidiary, Reliance Defence has signed a strategic Memorandum of Understanding (MOU) with Emirates Defence Industries Co. (EDIC), a leading integrated Defence Company in the United Arab Emirates, and the premier partner for manufacturing, services, knowledge transfer and technology development from the UAE.RDL and EDIC have agreed to jointly explore the opportunity for manufacturing and building capabilities in Defense Vehicles, Aviation and associated areas, Defence equipment and armament manufacturing, Defence Electronics, Commercial and Naval Ships, MRO of Military Equipment/Platforms.
The partnership will explore the opportunity in the UAE defense industry which has many capital expenditures but the costs for setting up facilities, recruiting and developing scientists and engineers are high. The partnership will aim at bringing synergy to bring down operational costs and leverage each others' capabilities.
Powered by Capital Market - Live News
