Reliance Defence inks strategic partnership MoU with Emirates Defence Industries Co.

Reliance Defence has signed a strategic Memorandum of Understanding (MOU) with Emirates Defence Industries Company (EDIC) in defence sector.
The MoU seeks to boost partnership between both countries for manufacturing, knowledge transfer, services and technology development from the United Arab Emirates (UAE).
Both companies will partner to jointly explore the opportunity for manufacturing and building capabilities in Aviation, defence vehicles and associated areas.
It will also include manufacturing and building capabilities of defence equipment, armament manufacturing, defence electronics, MRO of Military Equipment/Platforms commercial and naval Ships etc.
The partnership between both companies will aim to bring synergy in order to bring down operational costs and leverage each other’s’ capabilities. It will also seek to leverage the partnership to explore the opportunity in the UAE defence industry.
It should be noted that EDIC is a leading integrated Defence Company in UAE

Month: Current Affairs - September, 2015