New Delhi, July 27 -- Indian defence firm NIBE has signed a Technology Collaboration Agreement (TCA) with Israeli defence major Elbit Systems to manufacture the advanced Universal Rocket Launcher (SURYA) in India, a release said on Sunday.

The agreement, announced on Sunday, marks the first time this high-precision system--capable of striking targets up to 300 km--is being produced domestically, aiming to boost India's defence manufacturing capabilities and tap into global markets.

The official statement from the company read, "NIBE Limited ("The Company"), has entered into a Technology Collaboration Agreement with Elbit Systems a Leading Israeli Defense Company for Advanced Universal Rocket Launcher Manufacturing."

NIBE Limited, a pio...