JSW Defence To Set Up Rs 800-Cr UAV Mfg Unit

Davos: JSW Defence has signed an agreement with the Telangana government to set up a facility in the state for manufacturing Unmanned Aerial Systems. JSW UAV, a wholly-owned subsidiary of the company, would invest Rs800 crore to set up the unit in Telangana through a technology arrangement with a leading US-based defence technology company, JSW Defence said.