Reliance Defence, a subsidiary of Reliance Infrastructure (RInfra), has entered a partnership with South Korean defence company LIG Nex1 to jointly manufacture weapon systems required by the Indian Armed Forces.
Under the terms of the strategic partnership agreement, both companies will explore opportunities for developing a range of defence products, such as radar, sensors and missiles, for the Indian market.
The two companies are planning to jointly address multiple 'Make in India' programmes for the Indian Armed Forces.
The programmes may include improvements to the existing weapon systems, which are part of LIG Nex1 portfolio, to meet the specific requirements of the Indian Armed Forces.
Reliance and LIG Nex1 have identified an air defence and surveillance radar that can be manufactured in India as a potential co-operation project.
The companies will also work together to improve performance for various systems / platforms in the portfolio of LIG Nex1, in order to meet the specific requirements of the Indian Armed Forces.
India and South Korea agreed to form a Special Strategic partnership during the visit of India Prime Minister Narendra Modi to Seoul, RInfra stated.
Reliance Defence develops and supplies defence aerospace, land and naval platforms and equipment.
LIG Nex1 is involved in the production of smart heavy weapons, including anti-ship missiles, anti-tank guided missiles, and guided rockets.