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

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

BEL Signs MoU with BMIT to Boost Indigenous Design & Production Strengths in Advanced Defence Tech

Bengaluru: Defence PSU Bharat Electronics Limited (BEL), a leading Indian...

Airbus Continues to Strengthen Sovereign Cyber Security with Acquisition of  Quarkslab in France

Paris. Airbus has entered into an agreement for the...

Global Demonstration Tour: KC-390 Millennium Visits 11 Countries and Flies More Than 140 Hours

Gavião Peixoto, São Paulo. After flying more than 47,000...

Thales and Air India Sign 10-year FlytCARE Agreement for IFE Maintenance

New Delhi: Thales on April 20 announced that Air...

Airbus and Partners Sign NH90 Block 2 Architecture Study Contract 

Marignane, France. The NATO agency in charge of the...

Sikorsky Offers Upgrade Kits to Expand Black Hawk Helicopter’s Capabilities 

Tel Aviv: Multi-mission is the current hottest buzzword in...
Indian Navy Special Edition 2025spot_img