Magellanic Cloud Launches ₹100 Crore UAV Manufacturing Joint Venture in India
Magellanic Cloud Ltd has formed a ₹100 crore joint venture with Rayonix Tech and XTEND to manufacture UAVs in India. This collaboration aims to enhance India's defense capabilities by establishing localized production and leveraging advanced drone technology.
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Magellanic Cloud Ltd has announced a joint venture with Rayonix Tech and XTEND, valued at approximately $11 million (₹100 crore), to manufacture Unmanned Aerial Vehicles (UAVs) in India. The partnership will establish local manufacturing, testing, and distribution capabilities for UAV systems, addressing the increasing need within India's defense sector.
Utilizing XTEND's XOS operating system, the joint venture aims to deliver advanced drone solutions tailored to Indian operational needs, with a focus on mission-critical capabilities. This collaboration positions Magellanic Cloud as a leader in indigenous defense innovation and emphasizes the importance of local production in the rapidly evolving UAV market.
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