Anil Ambani-led Reliance Defence ltd has signed a strategic pact with UAE’s Emirates Defence Industries Company (EDIC) to collaborate in the sector, especially in maintenance, repair and overhaul category.
The two companies have agreed to jointly explore the opportunity for manufacturing and building capabilities in defence vehicles, aviation and associated areas, defence equipment and armament manufacturing, defence electronics, commercial and naval ships besides Maintenance, Repair and Overhaul (MRO) of military equipment and platforms.
“The partnership will explore the opportunity in the UAE defence industry which has many capital expenditures but the costs for setting up facilities, recruiting and developing scientists and engineers are high,” Reliance Group said in a statement. “The partnership will aim at creating synergy to bring down operational costs and leverage each others' capabilities,” it added.