Arab News, Wed, Jun 12, 2024 | Dhu al-Hijjah 6, 1445
UAE and India defense firms strike wide-ranging cooperation deal
Saudi Arabia:
Cyber warfare, drones, and weapons research
are at the center of a new deal between UAE-based defense and advanced
technology firm EDGE Group and India’s Adani Defence and Aerospace.
The two firms have signed a cooperation agreement
which will see collaboration in key product areas such as missiles, traditional
and smart weapons, and air defense systems.
According to a press release, the aim is to create
a global platform that leverages both companies’ defense and aerospace
capabilities, combining their products to meet the needs of international and
local customers.
Other areas set for joint working include drones,
manned and unmanned ground vehicles, and electronic warfare and cyber
technologies.
The agreement encompassed establishing research
and development facilities in both India and the UAE, alongside developing,
production, and maintenance facilities for defense and aerospace solutions.
EDGE Group’s Managing Director and CEO Hamad
Al-Marar, said: “This joint agreement with Adani Defence and Aerospace is a
significant achievement that strengthens the bilateral defense relationship
between India and the UAE.”
He added: “It underscores our mutual commitment to
enhancing military ties and reflects our dedication to providing our clients
with the most advanced products on the market, leveraging the global export
potential of leading technologies manufactured in the UAE.”
Al-Marar noted that EDGE intends to establish a
joint platform with Adani to continue developing and producing modern defense
technologies, setting new technical standards in the defense and advanced
military equipment sector sustainably.
Ashish Rajvanshi, CEO of Adani Defence and
Aerospace, described the collaboration as marking “the beginning of a new era in
enhancing defense capabilities,” adding that it highlights the firm’s commitment
to technological expertise and bilateral defense cooperation between the UAE and
India.
“This partnership embodies our shared vision to
enhance our capabilities by offering advanced solutions and reaching new
standards in the global defense landscape,” he said.
Economic ties between India and the UAE have been
growing in recent years, with the implementation of a Comprehensive Economic
Partnership Agreement in May 2022 significantly boosting bilateral cooperation
and trade.
This pact has led to a year-on-year increase of
over 16 percent in trade, reaching $84.84 billion in 2022-2023.
The UAE has become India’s pivotal partner in the
Gulf Cooperation Council region, aiming to elevate bilateral trade in
non-petroleum products to over $100 billion and trade in services to $15 billion
by 2030.