Corporate News     17-May-23
Board of Paras Defence and Space Technologies approves incorporation of JV entity
At meeting held on 16 May 2023
The Board of Paras Defence and Space Technologies at its meeting held on 16 May 2023 have approved incorporation of an Associate Company with CONTROP Precision Technologies (CONTROP) through a proposed Joint Venture Agreement.

CONTROP is an Israeli Electro Optics (EO) company, specializing inter-alia in the development and production of EO/ Infrared (IR) payloads for Land, Air and Naval applications all around the globe.

The proposed Associate Company shall be engaged in the business of manufacturing EO/IR Systems for various applications in accordance with the Government of India's Make in India initiative.

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