Re­liance De­fence and Abu Dhabi Ship Build­ing sign MoU for naval and com­mer­cial ser­vices

SP's MAI - - CORPORATE NEWS -

Re­liance De­fence Lim­ited (RDL), a fully-owned sub­sidiary of Re­liance In­fra­struc­ture Lim­ited, has signed a mem­o­ran­dum of un­der­stand­ing (MoU) with Abu Dhabi Ship Build­ing (ADSB), a lead­ing provider of con­struc­tion, re­pair and re­fit ser­vices for naval, mil­i­tary and com­mer­cial ves­sels.

Un­der this MoU, RDL and ADSB are in­ves­ti­gat­ing the op­por­tu­nity to set up a strate­gic part­ner­ship for the con­struc­tion of naval ships – in­clud­ing frigates, de­stroy­ers and other spe­cialised ves­sels to ad­dress the Gulf Co­op­er­a­tion Coun­cil (GCC) over the next 10 years. The agree­ment could also see ADSB de­liv­er­ing main­te­nance, re­pair, over­haul and re­fit ser­vices to the ves­sels, in line with re­gional re­quire­ments.

Re­liance Group is likely to use its newly ac­quired ship­build­ing fa­cil­i­ties at Pi­pavav for im­ple­men­ta­tion of this col­lab­o­ra­tion.

The MoU sign­ing fol­lows the joint state­ment is­sued dur­ing Prime Min­is­ter Naren­dra Modi’s visit to UAE on Au­gust 18 which high­lighted “co­op­er­a­tion and man­u­fac­ture of de­fence equip­ment in In­dia”.

Skills de­vel­oped and the ex­pe­ri­ence gained through this col­lab­o­ra­tion will fur­ther add to Re­liance Group’s ca­pa­bil­i­ties and po­si­tion it favourably as a strate­gic part­ner for In­dian Navy’s fu­ture pro­grammes en­com­pass­ing ar­eas such as Com­bat Man­age­ment Sys­tems (CMS), In­te­grated Bridge So­lu­tions (IBS), Com­bat Sys­tem In­te­gra­tion (CSI), In­te­grated Plat­form Man­age­ment Sys­tems (IPMS) and staff train­ing and de­vel­op­ment.

ADSB is a ma­jor re­gional provider of con­struc­tion, re­pair and re­fit ser­vices for naval, mil­i­tary and com­mer­cial ves­sels in GCC re­gion. This po­ten­tial col­lab­o­ra­tion could help both com­pa­nies ex­pand their mar­ket share and ad­dress new op­por­tu­ni­ties.

Newspapers in English

Newspapers from India

© PressReader. All rights reserved.