Thursday, February 13, 2025
HomeNewsTop NewsJSW Defence’s arm to invest Rs 800 cr for drone manufacturing

JSW Defence’s arm to invest Rs 800 cr for drone manufacturing

JSW UAV Ltd, a wholly-owned subsidiary of JSW Defence Pvt Ltd, will invest Rs. 800 crore to establish a facility for manufacturing Unmanned Aerial Systems, more commonly known as drones, in Telangana.

The company has entered into a Memorandum of Understanding (MoU) with Government of Telangana and its parent, JSW Defence, has a strategic partnership with Shield AI, Inc, a leading US defence technology company, for indigenizing and manufacturing of Shield AI’s “V-BAT”, Unmanned Aerial System.

The MoU was signed between Chief Minister of Telangana Revant Reddy and Parth Jindal of JSW Group, on the side lines of the ongoing World Economic Forum at Davos.“Hyderabad, and Telengana, was long positioned in the global market as a 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 (Fast-Moving Consumer Goods). My government’s efforts to position Telengana as a preferred option for the world for its China Plus One strategy has started bearing results.” said Revant Reddy in a statement.

“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,” said Jindal.

The central government in September 2021 extended the production-linked incentive scheme to manufacturing of drones and drone components including airframe, propulsion systems, power systems, batteries and associated components, among others.

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