Government of Telangana Signs MoU With JSW Defence to Establish Manufacturing Facility in the State

JSW Defence to set up the facility for manufacturing unmanned aerial systems with investment of Rs 800 Crore

Date:

Davos. The Government of Telangana has entered into a Memorandum of Understanding (MoU) with JSW UAV Limited, a wholly-owned subsidiary of JSW Defence, to establish a state-of-the-art manufacturing facility to make Unmanned Aerial Systems (UAS) in the state.

As part of this strategic initiative, JSW UAV is set to invest approximately ₹800 crores in the project, through a technology arrangement with a leading US-based defence technology company.

ads

The MoU was signed in the presence of Chief Minister of Telangana, Revant Reddy and Parth Jindal of JSW Group in the presence of senior dignitaries from the state on the side lines of the ongoing World Economic Forum (WEF) at Davos.

Speaking on the occasion, Revanth Reddy, Chief Minister of Telangana, said, “Hyderabad, and Telengana, was long positioned in the global market as software and pharma leader. With clear vision and diligent efforts, we are now establishing Telengana as a clear leader for investments in manufacturing across sectors, ranging from semiconductor, defence, private space to FMCG. My government’s efforts to position Telengana as a preferred option for the world for its China Plus One strategy has started bearing results.”

Parth Jindal of JSW Group said, “This MoU underscores our unwavering commitment to playing a key role in indigenizing defense technology in India. We are deeply grateful to the Government of Telangana, led by the Honorable Chief Minister Shri Revanth Reddy, for its guidance and support through industry-friendly policies that make initiatives like this possible.”

JSW Defence Pvt Ltd. – a part of the US$ 24 billion JSW Group – has a strategic partnership with Shield AI, Inc, a leading US defence technology company, to indigenise and manufacture Shield AI’s “V-BAT”, a Group 3 Unmanned Aerial System (UAS). This collaboration marks a significant step in boosting India’s defence capabilities by bringing in world-class UAS technology to the country.

big bang

More like this

Indo-US Diplomatic Tussle at ASEAN Summit

Prime Minister Narendra Modi did not travel to Malaysia...

Strategic Diplomacy Challenges: India’s Greatest Strength Lies in Building Bridges

In an age of shifting power equations and fractured...

PTC Industries Receives GTRE’s Order for Single Crystal Turbine Blade

New Delhi: PTC Industries Limited has achieved a significant...

DGCA Directs Air India to Carry Out Comprehensive Inspection of RAT Systems on All Boeing 787 Dreamliners

New Delhi: The Directorate General of Civil Aviation (DGCA)...

Gaganyaan Mission’s Development Work Progressing Steadily, Touches 90% Completion Mark

New Delhi: The Gaganyaan mission has reached a significant...

Airbus-built SpainSat NG-II Secure Communications Satellite Successfully Launched 

Getafe, Spain. SpainSat NG-II, the second Airbus-built new generation...

Agnikul Cosmos Successfully Test Fires Semi-Cryogenic Rocket Engines

New Delhi: Agnikul Cosmos, the Chennai-based space start-up, has...

First Indigenous ASW SWC Vessel ‘Mahe’ Delivered to Indian Navy by Cochin Shipyard

Kochi: Cochin Shipyard Limited (CSL) has successfully delivered Mahe,...
Indian Navy Special EditionLatest Issue