Paras Defence Secures Industrial License for Advanced Defence Manufacturing

Paras Defence and Space Technologies Limited has been granted a significant 15-year industrial license by India’s Department for Promotion of Industry & Internal Trade (DPIIT).

This license empowers the company to establish a manufacturing facility in Navi Mumbai, Maharashtra, dedicated to producing a range of high-tech defense and surveillance equipment.

Expanded Manufacturing Capabilities​

The license covers the production of seven categories of advanced defense technologies:

• Infrared and thermal imaging equipment, including monoculars, binoculars, cameras, and sights.
• Electro-optic systems, encompassing day and night vision cameras and security surveillance systems.
• Subsystems and platforms for radar systems.
• Opto-mechanical and opto-electronic assemblies.
• Integrated platforms for computer-based control and monitoring systems.
• Laser range finders.
• Border security surveillance systems.

This development marks a major step for Paras Defence, enabling them to expand their manufacturing capabilities in the defense sector and contribute to India's growing self-reliance in defense production.

The news was met with positive investor sentiment, as shares of Paras Defence and Space Technologies Limited rose by 5% on the NSE, reaching ₹1,294.55.

Company Profile​

Paras Defence and Space Technologies Limited is a leading private sector company specializing in the design, development, manufacturing, and testing of advanced defense and space engineering products and solutions. The company operates across four key segments: Defence & Space Optics, Defence Electronics, Heavy Engineering, and Electromagnetic Pulse Protection Solutions.