JSW Defence to set up drone manufacturing plant with ₹800 cr investment in Telangana

The government of Telangana has entered into a memorandum of understanding (MoU) with JSW UAV Limited, a wholly-owned subsidiary of JSW Defence, to establish a manufacturing facility to make unmanned aerial systems (UAS) in the state.

As part of this strategic initiative, JSW UAV has proposed to invest around ₹800 crore in the project, through a technology arrangement with a leading U.S.-based defence technology company.

The MoU was signed in the presence of the Chief Minister of Telegana, Revant Reddy and Parth Jindal of JSW Group in the presence of senior dignitaries from the state on the side lines of the ongoing World Economic Forum’s (WEF) annual meeting in Davos, Switzerland.

“Hyderabad, and Telengana, was long positioned in the global market as software and pharma leader. With clear vision and diligent efforts, we are now establishing Telengana as a clear leader for investments in manufacturing across sectors, ranging from semiconductor, defence, private space to FMCG,” says Revanth Reddy, Honorable Chief Minister of Telengana.

“My government’s efforts to position Telengana as a preferred option for the world for its China Plus One strategy has started bearing results,” he adds.

Parth Jindal of JSW Group says, “This MoU underscores our unwavering commitment to playing a key role in indigenizing defense technology in India. We are deeply grateful to the Government of Telangana, led by the Honorable Chief Minister Shri Revanth Reddy, for its guidance and support through industry-friendly policies that make initiatives like this possible.”

JSW Defence Pvt Ltd, a part of the $24 billion JSW Group, has a strategic partnership with Shield AI, Inc, a leading U.S defence technology company, to indigenise and manufacture Shield AI’s “V-BAT”, a Group 3 Unmanned Aerial System (UAS). This collaboration intends to boost India’s defence capabilities by bringing in UAS technology to the country.