India’s Reliance Defence and South Korean LIG Nex1 will jointly explore opportunities in supply of weaponry need by Indian armed forces.
Reliance Defence has entered into a strategic partnership agreement with LIG Nex1 whereby the two companies will explore opportunities in the identified range of defence products, the company announced on Monday.
“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.
Indias firms Reliance defense and L&T are likely to compete for bagging Rs 20000 crore ( US $3 billion) contract from the country's Defense ministry to build four amphibious warships. Commercial bids submitted by the two private firms for the largest defence project under Make in India will be opened in the next three months
Reliance's joint venture with Dassault Aviation is targeting businesses worth Rs 30,000 crore (US$4.5 billion) as part of the offsets for the contract
Reliance Infrastructure (RInfra)-promoted Reliance Aerostructure and Dassault Aviation have formed Joint Venture known as 'Dassault Reliance Aerospace Limited'. Eric Trappier, Chairman of Dassault Aviation France, will be the Chairman, and Anil D Ambani, Chairman of Reliance Group, will be the Co-Chairman of Dassault Reliance Aerospace Limited DRAL
Reliance has signed an agreement with the American Navy for repair and alteration services for warships of the largest forward-deployed Seventh Fleet operating in the Western Pacific and Indian Ocean. The Seventh Fleet has roughly about 5070 ships and submarines, 140 aircraft and about 20,000 sailors under its command, Tribune India reported today
Reliance Defence and Engineering (RDEL) has signed Rs 916 crore contract with Defence Ministry for design and construction of 14 fast patrol vessels for Indian Coast Guard. RDEL emerged winner through a competitive bidding process undertaken by Ministry of Defence with participation from almost all the private sector and public sector shipyards namely, L&T, Cochin Shipyard Ltd, Goa Shipyard Ltd, Garden Reach Shipbuilders & Engineers Ltd (GRSE), the company said in a statement Monday
Reliance Defence and Engineering Limited (RDEL) today launched the first two Naval Offshore Patrol Vessels (NOPVs) for the Indian Navy at its shipyard in Pipavav, Gujarat. The ships are part of a five ship project being constructed for the Indian Navy
Thales and Reliance Defence Limited announced today their intent to form an Indian Joint Venture (JV) with the proposed shareholding of 49% and 51% respectively. The JV aims to develop Indian capabilities to integrate and maintain Radar and Electronic Warfare sensors
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