Paras Defence and Space Technologies has entered into Memorandum of Understanding (MoU) on May 05, 2025 with Hevendrones (HD), Israel with an intent to create new opportunities and expand both parties' business in the Indian and Global Defence sector. To support the MoU objectives, the parties intend to form a Joint Venture Company (JV) in India for development and production of logistics and cargo drones for defence and civil market, all in accordance with the Government of India's Make in India initiative.
Paras Defence and Space Technologies is primarily engaged in the designing, developing, manufacturing, and testing of a variety of defence and space engineering products and solutions.
