Paras Defence & Space Technologies has partnered with Israel-based Heven Drones Ltd. to form a joint venture, Paras Heven Advanced Drones Pvt. Ltd., for manufacturing logistics and cargo drones in India.

Paras holds a 51% stake in the JV, which aligns with India’s Make in India initiative. The venture will introduce hydrogen-powered drones with payloads of 10–40 kg for civilian and defence uses, including last-mile delivery, emergency response, and resupply missions.

With an initial $1 million investment, manufacturing and assembly will be done in India to reduce costs by 20%. The JV plans to sell hundreds of units annually and will explore exports, aiming to tap into India’s projected $1B logistics drone market.