Reliance Defence, ADSB to Build Naval Vessels
Reliance Defence Limited (RDL) has signed a Memorandum of Understanding (MOU) with Abu Dhabi Ship Building (ADSB) to set up a partnership for the construction of naval vessels.
The naval ships planned include frigates, destroyers and other specialized 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 defense equipment in India”.