Paras Defence and Space Technologies Ltd, a leading Indian defence engineering company specialising in advanced optics, mechanical design and cutting-edge defence solutions, has signed a strategic Memorandum of Understanding (MoU) with MicroCon Vision Ltd, Israel, part of Controp and the Rafael Group, marking a significant advancement in India's defence and drone industry. This collaboration will position Paras Defence as exclusive supplier of advanced drone camera technology in India, at much lower cost.
Paras Defence will bring high indigenous content in these drone cameras and Intelligence, Surveillance, and Reconnaissance (ISR) payloads, improving the country's self-reliance while lowering costs. It will offer two models, whose usual import price is around Rs 20 lakh and Rs 40 lakh per unit. Paras Defence anticipates 50-60 per cent price reduction for each model, making advanced surveillance technology more accessible to Indian defence forces and for commercial applications.
MicroCon will serve as Paras Defence's exclusive supplier for drone cameras which include ISR payloads and Electro-Optical/Infrared (EO/IR) seekers, while Paras Defence becomes MicroCon's exclusive partner for ISR operations in India.
"This collaboration represents a major leap forward in India's defence capabilities," stated Munjal Sharad Shah, Managing Director of Paras Defence. "We are committed to supporting India's strategic goals and are proud to partner with MicroCon in this groundbreaking endeavour."
The MoU is focused on expanding both companies' presence in the Indian ISR payload market. The integration of advanced technologies like AI-powered analytics, high-resolution imaging, and thermal vision will enhance surveillance capabilities, improving operational efficiency in both defence and civilian sectors.
"MicroCon is committed to delivering cutting-edge ISR payloads that drive the future of defence and surveillance systems," said Chen Almog, CEO of MicroCon. "We are excited about our collaboration with Paras Defence, which is a key component of our strategy to establish strong local partnerships worldwide.
We are confident this partnership will drive growth in the Indian tactical ISR and EO/IR seekers market. This partnership reflects our shared vision for advancing high-performance drone technology and creating lasting impact on both defence and commercial applications."
