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Reliance group founder Anil D Ambani and German arms manufacturer Diehl Defence CEO Helmut Rauch discussed strengthening strategic partnership on guided munition/terminally guided munition that they had entered into in 2019 the two firms said in a statement on Tuesday. For Diehl Defence the collaboration with Reliance Defence is part of the companys commitment to the Indian market and to the Make in India initiative of the Indian government the statement said. The main purpose of the current strategic cooperation agreement between the two groups is to focus on the urgent supply of the System Vulcano 155mm Precision Guided Munition for the Indian armed forces. Reliance Defense stated that this partnership will enhance the domestic production of advanced Vulcano 155 mm precision-guided ammunition systems fulfilling the needs of Indian armed forces. According to the statement the precision-guided 155 mm shells can strike targets within 10 seconds before reaching the estimated impact zone. This system is equipped with advanced electronic jamming-resistant mechanisms making it difficult for the enemy to disrupt it. The upgraded ammunition system uses advanced laser and GPS-guided technology for target precision significantly improving its accuracy. This makes it a crucial weapon in modern warfare scenarios. Revenue of Rs 10000 Crores  Reliance Defense estimates that this deal could generate revenue of up to Rs 10000 crores. This projection reflects the growing demand for advanced ammunition systems and the companys capability to indigenize critical defense technologies. It also supports the government’s target of achieving Rs 50000 crores in defense exports by 2029. In parallel the initiative System Vulcano 155mm under Make in India-II is in progress with Reliance Defence as prime contractor for the Indian customer and Diehl Defence as strategic partner. The overall indigenous content under Make in India will be more than 50 per cent. Diehl Defence looks forward to strengthening the current relationship with Reliance in the context of TGM for the Indian armed forces said Helmut Rauch CEO of Diehl Defence. Ambani said: This strategic alliance not only accelerates the advancement of Indias defence manufacturing capabilities but also positions Reliance Defence as a pivotal player in the global defence supply chain. This cooperation between the two companies will also benefit from Reliances current activities of setting up a greenfield manufacturing facility in the Watad Industrial Area in Ratnagiri Maharashtra (India) which will eventually have an annual capacity to produce up to 200000 artillery shells 10000 tonnes of explosives and 2000 tonnes of propellant the statement added.  (With Inputs From PTI)