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Paras Defence executes JV agreement to form subsidiary company in India
May-23-2025

Paras Defence and Space Technologies has executed a Joint Venture Agreement (JV agreement) with Heven Drones (HD), Israel, to facilitate the formation of a Subsidiary Company (proposed Subsidiary) in India with the purpose of 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.

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