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RRP group signs MoU with CYGR

14 Jul 2025 Evaluate

RRP group has signed a Memorandum of Understanding (MoU) with CYGR, a Franco-American and drone technology company, to establish a Joint Venture (JV) focused on manufacturing advanced drone systems in India under the Make in India initiative.

The JV will be structured with RRP Defense holding 90% and CYGR holding 10%. The venture will include a state-of-the-art drone manufacturing facility along with a dedicated R&D centre in Navi Mumbai. This collaboration aims to produce next-generation drone systems tailored for defence, surveillance, and strategic applications, with a strong focus on local manufacturing, technology transfer, and skill development. This initiative marks a significant step towards India’s technological and defence self-reliance under the Atmanirbhar Bharat vision. 

RRP Defense was formerly known as Euro Asia Exports. The company's name change was approved by the Ministry of Corporate Affairs and a fresh Certificate of Incorporation was issued on June 2, 2025. The company is based in Gurugram, India, and is involved in trading various goods, including fabrics, embroidered sarees, shawls, and other traditional Indian wear.


RRP Defense Share Price

773.95 0.00 (0.00%)
20-Apr-2026 16:59 View Price Chart
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