Company Directory - Paras Defence & Space Technologies Ltd
Company Details - Paras Defence & Space Technologies Ltd
Paras Defence & Space Technologies Ltd
India
Paras Defence & Space Technologies is an Indian defense technology company specializing in providing advanced solutions in defense and aerospace technologies. The company focuses on developing innovative defense systems and space technologies.
CCI Score
CCI Score: Paras Defence & Space Technologies Ltd
10.27
-0.01%
Latest Event
Paras Defence stake investment in Logic Fruit Technologies: Boosting Advanced Defense Tech
Paras Defence & Space Technologies announced an 8% stake acquisition in Logic Fruit Technologies, a deep-tech firm specializing in high-performance computing and embedded defense solutions. The investment is viewed by critics as potentially reinforcing the development of advanced technologies that could be used in repressive state apparatus and deepen economic ties within the defense sector.
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SABOTEUR
Paras Defence & Space Technologies Ltd is currently rated as a Saboteur.
Latest Events
- FEB172025
Paras Defence & Space Technologies announced an 8% stake acquisition in Logic Fruit Technologies, a deep-tech firm specializing in high-performance computing and embedded defense solutions. The investment is viewed by critics as potentially reinforcing the development of advanced technologies that could be used in repressive state apparatus and deepen economic ties within the defense sector.
-40
Technology and Services Impact
March 19
The stake in Logic Fruit Technologies is likely to accelerate the development of high-performance computing and embedded defense systems. From a left‐leaning perspective, such technologies can be repurposed for surveillance and repressive military applications, thereby indirectly contributing to authoritarian mechanisms.
-25
Economic and Structural Influence
March 19
The strategic investment deepens economic ties within the defense sector, potentially aligning corporate financial interests with state military strategies. This economic collaboration may indirectly legitimize authoritarian practices by reinforcing the defense industrial complex.
- JAN232025
Paras Defence, an Indian defense technology company, has signed an MoU with the Government of Maharashtra to invest ₹12,000 crores for establishing India’s first Optics Park in Maharashtra. The project aims to boost domestic manufacturing, foster innovation, and create over 2,000 jobs.
+30
Public and Political Behavior
March 19
Paras Defence has entered into a collaborative MoU with the Government of Maharashtra, demonstrating a positive public and political engagement. The partnership at an international forum underscores a commitment to supporting democratic institutions and technological advancement without undue political manipulation.
India's First Optics Park: Paras Defence's ₹12,000 Cr Innovation Hub in Maharashtra
+70
Business Practices and Ethical Responsibility
March 19
The significant investment of ₹12,000 crores is set to generate over 2,000 direct jobs and boost domestic manufacturing. This commitment to 'Make in India' and technological self-reliance reflects strong ethical business practices and responsibility toward labor and community development.
India's First Optics Park: Paras Defence's ₹12,000 Cr Innovation Hub in Maharashtra
+50
Technology and Services Impact
March 19
The establishment of an optics park is aimed at advancing innovative optical and optronic technologies. While this can bolster national security and technological progress, the dual-use nature of such defense technologies requires careful oversight to ensure they are not misapplied in repressive contexts.
India's First Optics Park: Paras Defence's ₹12,000 Cr Innovation Hub in Maharashtra
+60
Economic and Structural Influence
March 19
The strategic partnership with the Government of Maharashtra, including commitments for land, incentives, and approvals, indicates robust economic collaboration. This supports national economic growth and self-reliance without aligning with authoritarian practices, thereby maintaining a positive influence on structural economic policies.
India's First Optics Park: Paras Defence's ₹12,000 Cr Innovation Hub in Maharashtra
- JAN232025
Paras Defence & Space Technologies Ltd has signed an initial pact with the Maharashtra government to invest Rs 12,000 crore in setting up India's first optics park. The project, aimed at fostering innovation across defence, space, automotive, and semiconductor sectors, is expected to commence in 2028 and complete by 2035 while generating over 2,000 direct jobs.
+70
Economic and Structural Influence
March 19
The significant investment and the pact with the Maharashtra government show strong economic collaboration. This initiative, by securing government support and offering incentives, bolsters domestic manufacturing and technological self-reliance, which can drive job creation and strengthen national industrial capabilities.
Paras Defence to invest Rs 12,000 cr to set up India's first optics park in Maharashtra
+60
Technology and Services Impact
March 19
The project signals a robust commitment to technological innovation across multiple sectors including defence, space, and semiconductors. While the focus on defence technology can attract dual-use concerns, the overall investment is designed to advance domestic capabilities and promote technological independence.
Paras Defence to invest Rs 12,000 cr to set up India's first optics park in Maharashtra
- JAN072025
Paras Defence & Space Technologies has been granted an Industrial License for the production of Light Machine Guns (LMGs) by the Department of Industries & Internal Trade, marking a significant milestone in bolstering its defense manufacturing capabilities and potential repressive technology output.
-40
Provision of Repressive Technologies
March 19
The company’s acquisition of a license to manufacture Light Machine Guns raises red flags from an anti-fascist perspective. By expanding its capacity to produce weapons that can be deployed for state repression, Paras Defence may inadvertently support militaristic practices that can enable authoritarian regimes. This event is concerning as it bolsters the supply of repressive technologies that could be misused to curtail civil liberties.
Paras Defence and Space Receives License to Manufacture Light Machine Guns
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