JSW Defence Signs Rs 8 Bn MoU with Telangana for UAV Plant
ECONOMY & POLICY

JSW Defence Signs Rs 8 Bn MoU with Telangana for UAV Plant

JSW Defence has entered into an agreement with the Telangana government to establish a facility in the state for the production of Unmanned Aerial Systems. According to a statement by JSW Defence, JSW UAV, a fully owned subsidiary of the company, will invest Rs 8 billion in setting up the unit in Telangana. The investment will be made through a technology collaboration with a prominent US-based defence technology company. The Memorandum of Understanding (MoU) was signed in the presence of Telangana Chief Minister K Chandrashekar Rao and Parth Jindal of JSW Group during the World Economic Forum (WEF) event.

Parth Jindal expressed that the MoU highlights JSW’s strong commitment to contributing to the indigenisation of defence technology in India. Meanwhile, Chief Minister K. Chandrashekar Rao mentioned that Hyderabad and Telangana have long been recognized globally as leaders in software and pharmaceuticals. He added that with a clear vision and consistent efforts, the state is now positioning itself as a leader in manufacturing investments across various sectors, including semiconductors, defence, private space, and FMCG.

JSW Defence, part of the $24 billion JSW Group, has a strategic partnership with Shield AI, Inc., a leading US defence technology company, to indigenize and manufacture Shield AI’s 'V-BAT,' a Group 3 Unmanned Aerial System (UAS). News source: Business Standard

JSW Defence has entered into an agreement with the Telangana government to establish a facility in the state for the production of Unmanned Aerial Systems. According to a statement by JSW Defence, JSW UAV, a fully owned subsidiary of the company, will invest Rs 8 billion in setting up the unit in Telangana. The investment will be made through a technology collaboration with a prominent US-based defence technology company. The Memorandum of Understanding (MoU) was signed in the presence of Telangana Chief Minister K Chandrashekar Rao and Parth Jindal of JSW Group during the World Economic Forum (WEF) event. Parth Jindal expressed that the MoU highlights JSW’s strong commitment to contributing to the indigenisation of defence technology in India. Meanwhile, Chief Minister K. Chandrashekar Rao mentioned that Hyderabad and Telangana have long been recognized globally as leaders in software and pharmaceuticals. He added that with a clear vision and consistent efforts, the state is now positioning itself as a leader in manufacturing investments across various sectors, including semiconductors, defence, private space, and FMCG. JSW Defence, part of the $24 billion JSW Group, has a strategic partnership with Shield AI, Inc., a leading US defence technology company, to indigenize and manufacture Shield AI’s 'V-BAT,' a Group 3 Unmanned Aerial System (UAS). News source: Business Standard

Next Story
Infrastructure Urban

Reliance, Diehl Advance Pact for Precision-Guided Munitions

Diehl Defence CEO Helmut Rauch and Reliance Group’s Founder Chairman Anil D. Ambani have held discussions to advance their ongoing strategic partnership focused on Guided and Terminally Guided Munitions (TGM), under a cooperation agreement originally signed in 2019.This collaboration underscores Diehl Defence’s long-term commitment to the Indian market and its support for the Indian Government’s Make in India initiative. The partnership’s current emphasis is on the urgent supply of the Vulcano 155mm Precision Guided Munition system to the Indian Armed Forces.Simultaneously, the “Vulc..

Next Story
Infrastructure Urban

Modis Navnirman to Migrate to Main Board, Merge Subsidiary

Modis Navnirman Limited has announced that its Board of Directors has approved a key strategic initiative involving migration from the BSE SME platform to the Main Board of both BSE and NSE, alongside a merger with its wholly owned subsidiary, Shree Modis Navnirman Private Limited.The move to the main boards marks a major milestone in the company’s growth trajectory, reflecting its consistent financial performance, robust corporate governance, and long-term commitment to value creation. This transition will grant the company access to a broader investor base, improve market participation, en..

Next Story
Infrastructure Urban

Global Capital Flows Remain Subdued, EMEA Leads in Q1 2025

The Bharat InvITs Association’s industry update for Q1 2025 shows subdued global capital flows, with investment volumes remaining at the lower end of the five-year range despite a late 2024 recovery. According to data from Colliers and MSCI Real Capital Analytics, activity in North America declined slightly, while EMEA maintained steady levels and emerged as the top region for investment in standing assets.The EMEA region now hosts seven of the top ten cross-border capital destinations for standing assets, pushing the United States’ share of global activity below 15 per cent. Meanwhile, in..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?