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Business EconomyPosted at: May 6 2025 1:10PM


Paras Defence and Space Technologies announces strategic joint venture with Heven

Mumbai, May 6 (UNI) Paras Defence and Space Technologies Ltd, a leading Indian defence engineering company has announced a strategic joint venture with HevenDrones Israel, an independent subsidiary of Heven.
The JV will establish a new entity in India to design, manufacture and supply next-generation drone systems tailored for India’s defence and homeland security landscape, with long-term plans to address global markets.
This collaboration marks a significant milestone in our roadmap as we work to ensure an allied global business footprint,” said Heven CEO Bentzion Levinson.
“Paras Defence brings unmatched engineering capabilities, manufacturing infrastructure and deep knowledge of India’s defence ecosystem. Together, we are contributing to the Atmanirbhar Bharat mission and setting a new benchmark in performance-driven UAV solutions for global markets.”

The JV will manufacture HevenDrones’ full suite of unmanned aerial systems, with focus on military-grade applications such as frontline logistics, tactical surveillance, border operations and urban threat response and it will serve as the exclusive vehicle for bringing this revolutionary hydrogen-powered drone technology to India for the first time.
This partnership positions the JV among the first in the country to offer ready-to-fly, proven hydrogen-powered drones with enhanced flight endurance and modular payload capabilities—designed, manufactured, and deployed from Indian soil.
The JV will prioritize deployment in domains such as logistics support for remote and border regions, tactical surveillance, defence supply chains, and high-altitude missions.
“India is a priority market for drone deployment at scale, and HevenDrones’ combat-tested portfolio provides a strategic edge,” said Munjal Sharad Shah, Managing Director, Paras Defence and Space Technologies Ltd. “This JV enables us to deliver world-class Made in India drone systems for local and global markets.”


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