Joint Venture28 Jul 2025, 10:02 am
NIBE Limited Enters into Technology Collaboration Agreement with Elbit Systems for Advanced Defense System
AI Summary
NIBE Limited, an Indian manufacturer of defense systems, has entered into a strategic technology collaboration agreement with Elbit Systems, a globally renowned technology company from Israel. This partnership will enable the manufacturing and supply of the Universal Rocket Launcher (SURYA), a highly advanced defense system capable of engaging targets with precision over a range of up to 300 km. This technology transfer marks the first time such a sophisticated system will be produced in India, paving the way for both domestic and international markets.
Key Highlights
- NIBE Limited and Elbit Systems enter into a strategic technology collaboration agreement
- The collaboration will enable the manufacturing and supply of the Universal Rocket Launcher (SURYA) in India
- The SURYA is capable of engaging targets with precision over a range of up to 300 km
- This marks the first time such a sophisticated system will be produced in India
- The collaboration aligns with the vision of Atmanirbhar Bharat and Make in India