Telangana Govt Inks MoU With JSW Defence To Establish UAS Manufacturing Facility

Telangana government and JSW Defence signed an MoU to establish an unmanned aerial systems manufacturing facility in the state.

Telangana government and JSW Defence have signed an MoU to establish a manufacturing facility for Unmanned Aerial Systems in the state.

Source : Special Arrangement

The Telangana government on Thursday signed a Memorandum of Understanding with JSW Defence to establish a manufacturing facility for Unmanned Aerial Systems (UAS) in the state.

Under the pact, JSW UAV Limited, a wholly-owned subsidiary of JSW Defence will invest Rs 800 crore for the project through a technology arrangement with a US-based defence technology company.

The MoU was signed in the presence of Telangana Chief Minister Revanth Reddy and Parth Jindal of JSW Group in New Delhi. 

Speaking on the occasion, CM Reddy 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."  

Jindal highlighted the memorandum as the company's "unwavering commitment to playing a key role in indigenising defence technology in India."