JSW defence to set up the facility for manufacturing unmanned aerial systems with investment of Rs 800 crores
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.
The MoU was signed in the presence of the Honorable Chief Minister of Telangana, Shri 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, Shri Revanth Reddy, Honorable Chief Minister of Telangana, said,
"Hyderabad, and Telangana, was long positioned in the global market as software and pharma leader. With clear vision and diligent efforts, we are now establishing Telangana as a clear leader for investments in manufacturing across sectors, ranging from semiconductor, defence, private space to FMCG. My government’s efforts to position Telangana as a preferred option for the world for its China Plus One strategy has started bearing results."
Mr. Sajjan Jindal, Chairman of JSW Group said,
"This MoU underscores our unwavering commitment to playing a key role in indigenising defence 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 U.S 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.
