JSW Defence Bolsters Indigenous UAV Production in Telangana
JSW Defence is set to establish a manufacturing unit for Unmanned Aerial Systems (UAS) in Telangana with an investment of Rs 800 crore. This initiative is in collaboration with a top US defence tech company to indigenize and produce advanced UAVs, marking a significant step in India's defence sector.
- Country:
- Switzerland
In a significant move for India's defence sector, JSW Defence has inked an agreement with the Telangana government to establish a manufacturing facility dedicated to Unmanned Aerial Systems (UAS). This strategic initiative involves an investment of Rs 800 crore and aims to advance indigenous defence technology.
The subsidiary, JSW UAV, will leverage a technological partnership with a leading US-based defence technology company, ensuring state-of-the-art production capabilities. This agreement highlights JSW Defence's commitment to strengthening India's position in defence manufacturing.
Speaking at the World Economic Forum, Telangana's Chief Minister Revant Reddy emphasized the state's evolving role as a hub for diverse industrial investments, including those in the defence sector. The partnership is poised to make Telangana a pivotal player in the global defence technology landscape.
(With inputs from agencies.)
ALSO READ
India's $60 Million Investment Revitalizes Sri Lanka's Northern Port
Aucamp Welcomes R170M Investment in Sandy Point Harbour Fishmeal Plant
PRAGATI Accelerates India’s Major Irrigation and Water Projects, Unlocks ₹2.86 Lakh Crore Investments
Telangana's AlchoBev Dues Clouding Investment Prospects
India's Bold Move: Facilitating Foreign Investments in Defence Sector

