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UAE mulls investment in Indian equipment

Dubai - The UAE is exploring investments in defence equipment manufactured in India, the country’s defence minister Nirmala Sitharaman said last week. Speaking to journalists in New Delhi, she said the relationship between the two countries has developed from a commercial one to a strategic partnership in critical areas

Dubai - The UAE is exploring investments in defence equipment manufactured in India, the country’s defence minister Nirmala Sitharaman said last week. Speaking to journalists in New Delhi, she said the relationship between the two countries has developed from a commercial one to a strategic partnership in critical areas.

She did not, however, confirm reports from Indian media of contracts between the two countries through which India would help the UAE develop its air defence system, repair defence equipment, supply ammunition for artillery guns and offshore patrol vehicles: “I cannot disclose the details,” she said. “It’s a very important strategic partnership with the UAE. The relationship has grown from a commercial and friendly nature and has acquired a lot of strategic depth. The relationship has in scope widened to cover many interesting and critical areas.”

(Source: The National)

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