Reliance Brands Ltd. said Tuesday it has signed an exclusive license agreement with outdoor sports outfitter Quiksilver Inc. (ZQK) to launch the U.S. company's brands in India, Sri Lanka, Nepal and Bangladesh.

The first store under the pact will come up in India later this year, Reliance Brands said in a statement.

Reliance Brands plans to open six stores in 2011 under this tie-up, a spokeswoman for Reliance Brands told Dow Jones Newswires.

Quiksilver sells apparel, footwear, accessories, snowboards and related products under the Quiksilver, Roxy, DC, Lib Tech and Hawk brands.

Reliance Brands, part of Mukesh Ambani-led Reliance Industries Ltd. (500325.BY), handles international and local brands in the premium and luxury segment across apparel, footwear and lifestyle businesses.

By Rumman Ahmed, Dow Jones Newswires; 91-9845104173; rumman.ahmed@dowjones.com