ENA State 2025-01-23 14:41:36 <p><span style="font-size:14px"><strong>Hyderabad, Jan 23 (KNN)</strong> Telangana has successfully attracted a significant defence technology investment, with JSW UAV Limited set to establish a cutting-edge Unmanned Aerial Systems (UAS) manufacturing facility in the state.</span></p> <p><span style="font-size:14px">The agreement was formalised during the ongoing World Economic Forum in Davos, marking a strategic milestone in the state's technological development.</span></p> <p><span style="font-size:14px">The state government and JSW UAV Limited have finalised a memorandum of understanding that involves a substantial investment of approximately Rs 800 crore.</span></p> <p><span style="font-size:14px">The project will be executed in collaboration with a prominent US-based defence technology company, highlighting the international scope of the initiative.</span></p> <p><span style="font-size:14px">State officials emphasised the potential economic and technological impact of the project. IT and Industries Minister D Sridhar Babu expressed optimism about the investment, stating that the agreement would set a trend in the sector and positioning Telangana as a potential leader in defence manufacturing.</span></p> <p><span style="font-size:14px">The Chief Minister's Office noted that the project is expected to generate over 200 high-value jobs, further solidifying the state's reputation as an emerging hub for advanced technological innovation.</span></p> <p><span style="font-size:14px">The strategic investment underscores Telangana's commitment to attracting sophisticated defence and technology investments, potentially positioning the state as a significant player in India's defence manufacturing ecosystem.</span></p> <p><em><strong><span style="font-size:14px">(KNN Bureau)</span></strong></em></p> 40757 https://knnindia.co.in/news/newsdetails/state/jsw-uav-to-set-up-unmanned-aerial-systems-plant-in-telangana 2025-01-23 14:41:36 knnindia.co.in