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Paras Defence is teaming up with Israel’s Heven Drones to set up a cargo drone Joint Venture in India, marking a big step into the high-potential defence & logistics drone space.
The deets: Paras Defence will hold a 51% majority stake in the new company, tentatively named Paras Heven Advanced Drones Pvt. Ltd. while Heven Drones will own the remaining 49%.
The new venture will design and manufacture logistics and cargo drones for both defence and civilian markets.
Why it matters: this partnership gives Paras Defence a strategic edge with access to Israeli drone tech, while Heven Drones gets a launchpad into India’s fast-evolving drone ecosystem.
Zoom out: India’s drone market is expected to cross ₹3 lakh crore by 2030, fuelled by defence orders, smart farming, and last-mile delivery.
Startups and defence-tech players are racing to build indigenous capabilities, and this JV could be Paras Defence’s ticket to that next big altitude.
