JSW UAV to Establish Advanced Drone Manufacturing Facility in Telangana
The Telangana government has entered into a memorandum of understanding (MoU) with JSW UAV, a subsidiary of JSW Defence, to set up an advanced unmanned aerial systems (UAS) manufacturing facility in the state. This initiative, in partnership with a prominent US-based defence technology company, involves an investment of approximately Rs 8 billion. The project is expected to create over 200 jobs, further enhancing Telangana's status as a hub for advanced technology and defence innovation.
The MoU highlights Telangana's dedication to promoting innovation, creating employment opportunities, and attracting global investments. It marks a significant milestone in the state’s efforts to become a leading destination for investments in various sectors, including semiconductors, defence, private space, and FMCG.
News source: Projects Today
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Under the HAM framework, the state government will contribute 40 per cent of the total project cost.
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