India's Aerospace & Defense sector is experiencing substantial growth, valued at USD 28.68 billion in 2024 and forecasted to expand at a CAGR of 7.1% until 2034. The sector attracted investments worth ₹2,915 crore in 2025, surpassing other defense sub-sectors, driven by initiatives like 'Make in India' and increased defense budgets. Amid this transformation, Paras Defence and Space Technologies Ltd witnessed a surge in its share price and announced a strategic partnership with HevenDrones Israel to establish a new entity in India focusing on hydrogen-powered drone technology. This joint venture aims to manufacture advanced drone systems tailored for defense and homeland security needs, with plans to enter global markets. The collaboration combines Paras Defence's manufacturing capabilities with HevenDrones' expertise in drone platforms, offering drones with extended endurance and modular payloads for logistics, surveillance, and defense operations. Paras Defence's recent financial results reveal a significant revenue increase of 35% and a net profit surge of 110% from Q4FY24 to Q4FY25, indicating strong performance in the market. The company's engagement with prestigious Indian government clients and its strategic position in critical technology sectors further reinforce its credibility and integration with India's defense ecosystem.