Reliance Defence sings agreement with UAE firm
The Dollar Business Bureau Reliance Defence Limited (RDL) on Monday said that it has signed an agreement with Emirates Defence Industries Co. (EDIC) to jointly develop defence products, ships, aviation and MROs. “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 company said in a statement. Through this MoU, the two companies will explore the opportunity in the UAE defense industry, where the costs for setting up facilities, recruiting and developing scientists and engineers are high. This partnership is aimed at bringing synergy to cut down operational costs and leveraging each others’ ...
