A new joint venture in India aims to revolutionize the country's defense and homeland security landscape by designing, manufacturing, and supplying next-generation drone systems. The partnership between Paras Defence and HevenDrones brings forth hydrogen-powered drone technology to India for the first time, with plans for global expansion. This collaboration will offer ready-to-fly drones with enhanced capabilities, focusing on various domains such as logistics support, surveillance, and defense missions. The move aligns with India's goal of self-reliance in defense manufacturing and contributes to the 'Atmanirbhar Bharat' mission. Paras Defence's managing director highlighted the strategic importance of India as a market for drone deployment at scale, while HevenDrones' CEO emphasized the milestone achieved in their global business expansion. The financial performance of the company has also been robust, with a significant increase in net profit and revenue. Additionally, the approval of a stock split indicates a positive outlook for future growth and shareholder value.