India’s business tycoon Anil Ambani, on Tuesday meets UAE’s Prime Minister and Vice President, His Highness Sheikh Mohammed bin Rashid Al Maktoum and held discussions, on the sidelines of the ‘International Defence Exhibition and Conference, IDEX 2017, one of the biggest international Defence shows underway in Abu Dhabi.
Their discussions covered business opportunities for both sides, particularly in the defence sector, sources said.
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They also discussed various business opportunities, particularly in the defence sector, between the two countries and how the partnership and collaboration between Indian and UAE companies can boost defence production in both nations, it is learnt.
The meeting comes after Ambani’s Reliance Defence recently signed an MOU with Strata Manufacturing the advanced composite aero-structures manufacturing company, wholly-owned by Mubadala Development Company of the UAE, to explore cooperation in the field of advanced aerospace manufacturing capabilities between India and the UAE.
The potential partnership between Reliance Defence and Strata, which follows extensive discussions between the two companies, will look at opportunities in the production of Carbon Fibre Composites Aerostructures, Prepegs as well as 3D printing of aerospace components and airframe panels. This collaboration is in line with Strata’s vision to become one of the top aerospace companies globally.
The agreement is expected to deepen the bilateral ties between the UAE and India at both the political and economic level.