India, UAE agree to further defence cooperation by joint production, mutual trade

New Delhi (NVI): In order to boost defence exports, India and UAE have agreed to take up cooperation in defence further through joint production and mutual trade which could prove to be a win–win proposition for both the countries.

In this regard, a webinar between both the countries was held on October 27, on the theme of “Indian Defence Industry Global Outreach for Collaborative Partnership: Webinar and Expo India – UAE Defence Cooperation”.

Ambassadors and senior MoD officials from both sides participated in the webinar and spoke about deep-rooted relations between the two countries.

The event was organized under the aegis of Department of Defence Production, Ministry of Defence, MoD, through the Society of Indian Defence Manufacturers, SIDM.

Sanjay Jaju, JS (DIP) said that as part of the Atmanirbhar Bharat Abhiyaan, we are not advocating protectionism. “On the contrary, we are emphasizing on openness and inter-linkages so that our companies could become a part of the global supply chains and foreign companies could have a role in Indian defence manufacturing ecosystem.”

In addition to this, various Indian companies such as L&T Defence, GRSE, OFB, MKU, Bharat Forge and Ashok Leyland made company and product presentations on major platforms / equipment like Artillery Systems, Radars, Protected Vehicles, Costal Surveillance System, Akash Missile system and Ammunition, in the webinar.

From the UAE side, STREIT Group, Rockford Xellerie, EDGE, TAWAZUN and Marakeb Technologies made presentations.

Furthermore, the webinar was attended by more than 180 participants and more than 100 virtual exhibition stalls were set up in the Expo.

Notably, this webinar was part of the series of webinars which are being organized with friendly foreign countries in order to boost defence exports and to achieve defence export target of USD 5 billion in the next five years.

-CHK