India, Jan. 21 -- India PR Distribution

Davos [Switzerland], January 21: At the World Economic Forum today, SARGAD LLC and the Government of Telangana signed a Memorandum of Understanding (MoU) to establish AeroNxt, a collaborative initiative to modernize India's aerospace and defence manufacturing ecosystem.

The MoU was signed at the India Pavilion during the WEF Annual Meeting 2026, with SARGAD targeting the deployment of up to $100 million USD (approx. Rs.1000 Crore) in the state's aerospace & defence sector over the next several years.

The initiative addresses a critical supply chain gap as global air travel continues to expand and demand for new aircraft and their sustainment accelerates. Original Equipment Manufacturers (OEMs) ar...