"The agreement will explore the establishment of Research and Development (R&D) facilities in India and the UAE; the setting up of development, production and maintenance facilities of defence and aerospace solutions to not just serve the two captive markets, but also Southeast Asian and wider global markets," the statement reads.
He expressed confidence that the deal would strengthen bilateral ties between the Indian defence industry and the development of the two countries' militaries by creating a collaborative platform for implementing the latest technologies and setting "new benchmarks in the global defence landscape".
"Our collaboration marks the beginning of a new era in enhancing defence capabilities, emphasizing our commitment to advance technological prowess and promoting bilateral defence cooperation between India and the UAE," Rajvanshi remarked.