Solar Defence to invest ₹12,800cr in robots, UAVs and missiles
What's the story
Solar Defence and Aerospace Limited has announced a massive investment of over ₹12,800 crore in deep tech projects. The company plans to focus on the manufacturing of robots and Unmanned Aerial Vehicles (UAVs) of different sizes and types. The investment will also go into long-range missile production. Solar Group Chairman Satyanarayan Nuwal said these investments are being made due to the current global warfare scenarios.
Production goals
New facility to produce 10,000 drones annually
The new facility in Nagpur will have the capacity to produce 10,000 drones of different sizes and types as per requirements every year. It will also manufacture 1,000 robots annually. The first robot prototype is expected to be ready within a year. The investment will be made over three to four years; it is to be made in the next 10 years as part of Maharashtra government's Mega Project and Thrust policy.
Tech innovation
India's 1st AI-Powered Industry 5.0 manufacturing ecosystem
The new facility is envisioned to be India's first AI-Powered Industry 5.0 manufacturing ecosystem, integrating advanced robotics, intelligent automation and human-centered sustainable and responsible manufacturing practices. It will focus on designing, developing and manufacturing a range of emerging and strategic products, electronic components and assemblies for commercial and strategic defense applications. Advanced AI-Powered UAVs including Medium Altitude Long Endurance (MALE) drones will be key product areas in the first phase.