India, May 6 -- Paras Defence and Space Technologies Ltd., a leading Indian defence engineering company known for its advanced optics and defence solutions, has entered a strategic joint venture with Israel's HevenDrones—a subsidiary of US-based Heven and a pioneer in autonomous, hydrogen-powered drone technology.
The newly formed joint venture will create an Indian entity focused on designing, manufacturing, and supplying next-generation drone systems specifically for India's defence and homeland security needs. Long-term plans also include targeting global markets.
By combining Paras Defence's robust engineering and manufacturing capabilities with HevenDrones' proprietary technology, the JV aims to introduce hydrogen-powered drone...