Hello and welcome to the Current Affair's Portal of ExamPundit.in. Reliance Defence Limited (RDL), a wholly owned subsidiary of Reliance Infrastructure Limited, has signed a strategic Memorandum of Understanding (MOU) with Emirates Defence Industries Co (EDIC) for manufacturing, servicing, knowledge transfer and technology development from the UAE.
They 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 and MRO of Military Equipment / Platforms.
The partnership will explore the opportunity in the UAE defense industry where the costs for setting up facilities, recruiting and developing scientists and engineers are high. The partnership will aim to build synergy, bring down operational costs and leverage each others' capabilities.
RDL is pursuing partnerships in the Defence and Aerospace segment with the leading international OEM's and raise equity stake in existing companies within the country as also globally to meet solutions for the defence sector.
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