Asia / Pacific
Paras Defence Signs Pact to Set Up Optics Park in Maharashtra, India
• Paras Defence signs a pact to set up an optics park in Maharashtra, India, with an investment of INR120 billion.
• The agreement was signed by the Indian government and is expected to be completed by 2025.
• The project is part of the Paras Defence and Space Technologies (PARAS) initiative, a joint venture between Paras Defence and Space Technologies.
• The agreement is expected to contribute to the country’s efforts in space exploration and technology development.
• The investment is expected to be a significant part of the country’s overall economic growth.
