JSW Group Partners with Shield AI for Unmanned Aerial Systems

By By Rediff Money Desk, New Delhi
Nov 12, 2024 15:35
JSW Group partners with Shield AI to manufacture unmanned aerial systems in India, investing USD 90 million to boost defense capabilities.
New Delhi, Nov 12 (PTI) JSW Group on Tuesday said it has partnered with US-based defence tech company Shield AI, Inc to manufacture unmanned aerial system (UAS) and plans to invest USD 90 million in the domestic defence sector over the next two years.

This collaboration marks a significant step in boosting India's defence capabilities by bringing world-class UAS technology to the country, JSW Group said in a statement.

The group has entered into a partnership through its arm JSW Defence Pvt Ltd "to indigenise and manufacture Shield AI's V-BAT, a Group 3 Unmanned Aerial System (UAS)".

As part of the partnership, JSW Group said it will invest around USD 90 million in the defence sector over the next two years, with USD 65 million allocated in the first 12 months.

The investment will enable the group to establish a local supply chain and create an advanced facility in India for manufacturing, assembling and testing V-BAT aircraft.

The V-BAT is a fixed-wing, vertical take-off and landing (VTOL), long endurance intelligence, surveillance, and reconnaissance (ISR) platform, currently deployed by multiple armed forces around the world, including the US Marine Expeditionary Units (MEUs).

"Through this partnership, we will be able to supply indigenous V-BATs at scale, provide flight operator training, and end-to-end maintenance, repair & overhaul (MRO) services to the Indian Armed Forces," Parth Jindal of JSW Group said.

It will serve the needs of the Indian Armed Forces and also function as a global production hub for Shield AI.
Source: PTI
Read More On:
jsw groupdefenseunmanned aerial systemsuasshield ai
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.

You May Like To Read

MORE NEWS

RBI Names SBI, HDFC, ICICI as Domestic...

The Reserve Bank of India has designated State Bank of India, HDFC Bank, and ICICI Bank...

HCLTech Appoints Arjun Sethi as Chief Growth...

HCLTech appoints Arjun A Sethi as Chief Growth Officer for Strategic Segments, focusing...

Passenger Vehicle Sales Up in October: SIAM

Passenger vehicle wholesales rose marginally to 3,93,238 units in October, while...

ACME Solar Shares Slump 13% on Market Debut

ACME Solar Holdings Ltd shares debuted on the stock market with a 13% discount, falling...

Reliance Power Reports Rs 2,878 Crore Net Profit

Reliance Power has announced a consolidated net profit of Rs 2,878.15 crore in the...

Swiggy Shares Surge 8% on Market Debut

Swiggy shares opened at a premium of nearly 8% on the Bombay Stock Exchange (BSE) on...

Rupee Hits All-Time Low of 84.40 Against US Dollar

The Indian rupee fell to an all-time low of 84.40 against the US dollar on Wednesday,...

Indian Markets Decline Amid Inflation &...

Indian stock markets declined in early trade on Wednesday as retail inflation soared to...

Kalpataru Projects Bags Rs 2,273 Crore Orders

Kalpataru Projects International has secured new orders worth Rs 2,273 crore, primarily...

Maharashtra Election Merchandise Sales Hit by...

Maharashtra's election merchandise retail market faces a slump as political parties...

Read More »

Sectoral Indices Market Indicators Listed Companies Gainers Losers Mutual Funds Portfolio Watchlist
© 2024 Rediff.com