Paras Defence & Space Technologies Limited (PARAS) has announced a strategic partnership with Cielo Inertial Solutions Limited (CIELO), an Israeli company, for the joint development of inertial sensors and closed loop Fiber Optic Gyroscope (FOG) solutions. This collaboration aims to enhance sales and production capabilities in India for these advanced technologies.

Partnership Details

The partnership, formalized through a Memorandum of Understanding (MoU), brings together the expertise of both companies:

• PARAS: An Indian defense and space technology company
• CIELO: An Israeli global technology expert in inertial solutions

Scope of Collaboration

The MoU outlines the following areas of cooperation:

1. Adaptation of inertial sensors and closed loop FOG-based inertial solutions for the Indian market
2. Marketing and sales of these technologies in India
3. Production of inertial sensors and related solutions within India

Technology Focus

The partnership will concentrate on developing and producing:

• Inertial Sensors
• Closed Loop Fiber Optic Gyroscopes (FOGs)
• Inertial Measurement Units (IMUs)
• GyroCompass systems
• North Finding Systems
• Inertial Navigation Systems (INS)

Potential Impact

This collaboration has the potential to:

1. Enhance India's capabilities in high-precision navigation and sensing technologies
2. Boost the domestic production of advanced defense and space-related components
3. Facilitate technology transfer and knowledge sharing between Indian and Israeli firms

The partnership between Paras Defence and Cielo Inertial Solutions represents a significant step in strengthening India's position in the defense and space technology sectors, particularly in the domain of inertial navigation systems.

Paras Defence & Space Technologies subsidiary, Paras Anti-Drone Technologies, has secured a significant contract worth ₹46.19 crore from the Ministry of Defence. The order entails supplying advanced anti-drone systems, including drone jammers, to the Indian armed forces.

Contract Details

Technology and Implications

The indigenous systems are designed to neutralize hostile drones in real-time, addressing critical security concerns related to unmanned aerial systems used for surveillance, smuggling, and potential security breaches. This development aligns with the government's Atmanirbhar Bharat initiative, promoting self-reliance in defence manufacturing.

Company Expertise

Paras Anti-Drone Technologies specializes in counter-drone systems, including:

• Wide-band detection systems
• Jamming systems operating from 400MHz to 6GHz

Management Commentary

CEO Ashutosh Baheti expressed that this order reflects confidence in the company's indigenous capabilities and its commitment to delivering Made-in-India solutions.

Market Response

Despite the positive news of the contract win, Paras Defence shares were trading down 1.29% at ₹713.85 on the National Stock Exchange (NSE) at the time of reporting.

This development underscores the growing importance of anti-drone technologies in national security and highlights the capabilities of Indian companies in this crucial sector. As drone-related security concerns continue to rise globally, such contracts may become increasingly significant for companies specializing in counter-drone technologies.