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[hfe_template id='11223'] [ad_1] Paras Defence and Space Technologies shares will be in focus on Tuesday after the company announced it has signed a Memorandum of Understanding (MoU) with Israel-based HevenDrones to explore opportunities in the defence and civil drone markets. "We are pleased to inform you that Paras Defence and Space Technologies Limited (‘PARAS’) has entered into an MOU (Memorandum of Understanding) on May 05, 2025 with Hevendrones Ltd., (‘HD’), Israel with an intent to create new opportunities and expand both parties' business in the Indian and Global Defence sector," the company said in a regulatory filing. As part of the agreement, both companies plan to establish a joint venture in India to develop and manufacture logistics and cargo drones. The initiative aligns with the Indian government's ‘Make in India’ programme and aims to serve domestic and international markets. This marks Paras Defence’s second partnership with an Israeli...

[hfe_template id='11223'] [ad_1] India's Aerospace & Defense sector is gaining serious altitude—both in strategic importance and investment potential. A recent milestone came with the signing of a ₹63,000 crore agreement with France to acquire 26 Rafale-M fighter jets for the Indian Navy. More than just a big-ticket purchase, this deal signals a deeper shift in India’s defense strategy—strengthening national security while building long-term capabilities at home. The Rafale-M contract includes not just aircraft deliveries (starting from 2029), but also long-term support, training, and crucially, local manufacturing of components. This means Indian companies—big and small—will be involved in making parts for these advanced jets, driving the 'Make in India' mission forward. For retail investors, this matters. India is steadily raising its defense budget—currently around 1.9% of GDP—with a long-term goal to push it closer to 4%. As the government boosts spen...