Investment23 Jan 2025, 07:38 pm
Paras Defence to Invest Rs. 12,000 Crore in Maharashtra's First Optics Park
AI Summary
Paras Defence & Space Technologies Limited, a leader in optics and optronic systems for defence and space, is set to invest Rs. 12000 crores to establish India’s first Optics Park in Maharashtra. The project is poised to generate over 2,000 direct employment opportunities and catalyze technological advancements across key industries such as defence, space, automotive, industrial, and commercial applications.
Key Highlights
- Paras Defence to invest Rs. 12,000 crore in Maharashtra's first Optics Park
- Project to generate over 2,000 direct employment opportunities
- MoU signed with Government of Maharashtra
- Project to establish India as a World Leader in Optical Technologies
- Optics Park to bridge technological gaps and create opportunities for knowledge exchange, innovation, and growth across sectors