February 2017 \ Business & Investment \ BUSINESS AND GOVERNANCE
Reliance Defence, UAE Firm Ink MoU

Reliance Defence Limited (RDL) and Strata Manufacturing PJSC (Strata) of the UAE have signed a Memorandum of Understanding (MoU)

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 capitalising 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.

“Working together with Reliance, we see a significant opportunity that can lead to the creation of a new tier-one global supplier: designing, developing and manufacturing major aircraft components—such as wings and empennages -- for the next generation of aircraft,” he added.

“Material science and 3D printing technology are set to become industrial game changers with applications going beyond aerospace into the space and other manufacturing segments. It introduces innovation, it redefines processes and, more importantly enhances competitiveness,” Al Olama said. RDL is a wholly-owned subsidiary of Reliance Infrastructure Limited. Strata is a wholly owned by Mubadala Development Company.