In a statement issued here, Reliance Defence said it has entered into a strategic partnership agreement with LIG Nex1 whereby the two companies will explore opportunities in the indentified range of defence products.
"LIG Nex1 are emerging leaders in smart heavy weapons in category of anti-ship missiles, anti-tank guided missiles (ATGM), and guided rockets," the statement said.
According to Reliance Defence, currently, there are multiple programmes that the two companies plan to address together.
"This will potentially include improvements to the existing weapon systems which are part of LIG Nex1 portfolio to meet the specific requirements of the IAF, the company said.
The two companies have also identified air defence and surveillance radar that can be manufactured in India, as a potential area of co-operation.
They will also work on performance enhancement for various systems/platforms in the portfolio of LIG Nex1, the statement said.
India and South Korea's relations were upgraded to Special Strategic partnership during the Prime Minister Narendra Modi's visit to Seoul.
(This story has not been edited by Social News XYZ staff and is auto-generated from a syndicated feed.)
Doraiah Chowdary Vundavally is a Software engineer at VTech . He is the news editor of SocialNews.XYZ and Freelance writer-contributes Telugu and English Columns on Films, Politics, and Gossips. He is the primary contributor for South Cinema Section of SocialNews.XYZ. His mission is to help to develop SocialNews.XYZ into a News website that has no bias or judgement towards any.
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