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JSW Defence to Invest ₹800 Crore in Telangana for UAV Manufacturing Facility

Written by: Team Angel OneUpdated on: Jan 24, 2025, 2:33 PM IST
JSW Defence to invest ₹800 crore in Telangana for a cutting-edge UAV manufacturing plant.
JSW Defence to Invest ₹800 Crore in Telangana for UAV Manufacturing Facility
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JSW Defence, a part of the JSW Group has signed an MoU with the Telangana government to invest ₹800 crore in a drone production plant. Supported by a global partnership, this initiative is expected to strengthen Telangana’s position as a hub for advanced technology and innovation.

Landmark Investment in Telangana

JSW Defence has signed a Memorandum of Understanding (MoU) with the Government of Telangana to establish a cutting-edge manufacturing facility for Unmanned Aerial Systems (UAS). The project represents an investment of ₹800 crore and aims to bolster India’s defence manufacturing capabilities. The MoU was finalised in the presence of Telangana Chief Minister Revant Reddy and JSW Group’s Parth Jindal.  

Strategic Partnership with Shield AI

As part of this plan JSW UAV, a branch of JSW Defence will work with Shield AI, a well-known defence technology company from the US. Together, they will focus on adapting and manufacturing Shield AI’s V-BAT, an advanced drone system. This partnership shows JSW’s dedication to improving India’s defence technology by bringing world-class expertise.

About JSW Defence 

JSW Defence, part of the $24 billion JSW Group, works to boost India’s defence manufacturing. It focuses on modern technologies and partnerships like Shield AI to make advanced defence systems in India. The company aims to support innovation and create jobs in the defence sector.

About Shield AI 

It is a company specialising in developing artificial intelligence (AI) powered systems for drones and other aircraft. they create technology to protect service members and civilians with intelligent systems. 

Boosting Employment and Innovation in Telangana

The establishment of the UAV manufacturing facility is expected to generate over 200 high-value jobs and position Telangana as a hub for advanced defence technology. Industries Minister Sridhar Babu highlighted the state’s commitment to building a strong support system for manufacturing and said this agreement would pave the way for more investments in the future.

Telangana’s Vision for Global Leadership

Chief Minister Revant Reddy spoke about how Telangana has grown from being known for software and pharmaceuticals to becoming a top choice for different manufacturing industries such as defence, semiconductors and FMCG. He praised the state’s business-friendly policies and efforts to attract global investments. Parth Jindal also thanked the state for its support, saying this project shows JSW’s commitment to developing defence technology within India. 

This collaboration marks a significant milestone in India’s journey toward self-reliance in defence and further strengthens Telangana’s position as a leading state for innovative industrial investments.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Published on: Jan 24, 2025, 2:33 PM IST

Team Angel One

Team Angel One is a group of experienced financial writers that deliver insightful articles on the stock market, IPO, economy, personal finance, commodities and related categories.

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