Davos: JSW UAV inks ₹800 Cr investment MoU with Telangana to establish UAV manufacturing unit

Davos: Telangana government has signed a Memorandum of Understanding (MoU) with JSW UAV Limited to establish a state-of-the-art Unmanned Aerial Systems manufacturing facility in the state.

JSW UAV Limited is a subsidiary of JSW Defence. As part of this strategic initiative, JSW UAV, in collaboration with a leading US-based defence technology company, is set to invest approximately Rs 800 crore in the project.

This initiative is expected to generate over 200 high-value jobs, reinforcing Telangana's position as a hub for cutting-edge technology and defence innovation.

This MoU marks a significant milestone in Telangana's journey to becoming a preferred destination for advanced technology investments and reflects the State's dedication to driving innovation and creating employment opportunities.

"Hyderabad, and Telangana, were long positioned in the global market as software and pharma leader. With a clear vision and diligent efforts, we are not establishing Telangana as a clear leader for investments in manufacturing across sectors, ranging from semiconductors, defence, and private space to FMCG. My government's efforts to position Telangana as a preferred option for the world for its China Plus One strategy has started bearing results," said Chief Minister A. Revanth Reddy.

Industries minister D. Sridhar Babu said, "We are delighted with this agreement. It will set a trend in the sector. We will strive hard to ensure our state becomes India‘s biggest manufacturing hub."