Paras Defence and Space Technologies Ltd. Announces Strategic Joint Venture with HevenDrones Israel

Paras Defence and Space Technologies Ltd, a leading Indian defence engineering company, has announced a strategic joint venture with HevenDrones Israel, a subsidiary of US-based Heven. The JV will 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. The JV combines Paras Defence’s engineering and manufacturing ecosystem with HevenDrones’ proprietary platforms, and will serve as the exclusive vehicle for bringing hydrogen-powered drone technology to India for the first time. 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.