Anil Ambani’s Reliance Defence and UAE-based Strata Manufacturing PJSC (Strata), have signed a Memorandum of Understanding (MoU) to collaborate on advanced aerospace manufacturing capabilities between India and the UAE.
“The agreement continues to deepen the bilateral ties developed between the UAE and India at both political and economic level,” Reliance Defence said in a filing to Bombay Stock Exchange.
The potential partnership, 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, said the company.
This collaboration is in line with Strata’s vision to become one of the top aerospace companies globally, it added.
The Dhirubhai Ambani Aerospace Park, located at the Multi-modal International Cargo Hub and Airport at Nagpur (MIHAN), is being considered by Reliance Defence Limited for a new facility to support its aerospace ambitions, and forms part of the emerging aerospace industry in India.
Commenting on the news, Badr Al Olama, CEO of Strata, said: “As an established player in the advanced manufacturing of aerostructures, we are keen to grow our capabilities globally with Reliance and expand our operational footprint by capitalizing on innovative, cost-effective solutions that can benefit our customers whilst enhancing our financial performance.
The collaboration between the UAE and India has been instrumental in promoting knowledge transfer and strengthening ties between businesses to jointly invest in developing world class products, Olama added.