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DCX Systems signs non-binding MoU with Government of Tamil Nadu

15 Sep 2025 Evaluate

DCX Systems has signed a non-binding Memorandum of Understanding (MoU) with Government of Tamil Nadu (GoTN) through its Nodal Agency ‘Guidance’ to set up a state-of-the-art manufacturing facility for the Joint Venture Company (JVC) at Hosur, Tamil Nadu, one of the Defence Industrial Corridors in India, pursuant to Tamil Nadu Industrial policy 2021 and the Tamil Nadu Aerospace and Defence Industrial Policy 2022 of Government of Tamil Nadu.

Through this MOU, the Guidance will extend necessary support and facilitation to the JVC, as set forth in the MOU in the form of necessary infrastructural support and regulatory facilitation subject to applicable laws. This will help the JVC in obtaining necessary permissions, registrations, approvals, allotments, clearances, and incentives from the relevant of the Government in the State of Tamil Nadu.

DCX Systems is among the leading Indian players for the manufacture of electronic sub-systems and cable harnesses in terms of manufacturing capability and revenue in Fiscal 2022 in the defence and aerospace sector.

DCX Systems Share Price

194.75 4.35 (2.28%)
17-Apr-2026 16:59 View Price Chart
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