JSW Defence signs MoU with Telangana for Rs 800 cr UAV manufacturing plant

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JSW Defence signs MoU with Telangana for Rs 800 cr UAV manufacturing plant - Business Standard

Quick Summary:

JSW UAV, a wholly-owned subsidiary of the company, would invest Rs 800 crore to set up the unit in Telangana through a technology arrangement with a leading US-based defence technology company, JSW Defence said in a statement.

JSW Defence has signed an agreement with the Telangana government to set up a facility in the state for manufacturing Unmanned Aerial Systems.

The MoU was signed in the presence of Telegana Chief Minister Revant Reddy and Parth Jindal of JSW Group on the sidelines of the World Economic Forum (WEF) here.