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Reliance Defence enters into strategic partnership with LIG Nex1

Tuesday, 18 Apr 2017
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Reliance Defence, the wholly-owned subsidiary of Reliance Infrastructure, has entered into a strategic partnership with South Korean defence company LIG Nex1, to jointly manufacture military hardware for India’s armed forces.

Under the agreement, both the companies will explore opportunities to develop a range of defence products such as air defence and surveillance radar, sensors and missiles.

The cumulative value of the projects will be worth many billions of dollars.

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