Magellanic Cloud And Rayonix Tech Launch ₹100 Crore JV With Israel’s Xtend To Build Advanced Defence Drones In India

Surveillance technology firm Magellanic Cloud has announced a joint venture worth ₹100 crore with indigenous defence technology company Rayonix Tech to manufacture unmanned aerial vehicles in India, reported MoneyControl. The collaboration is designed to strengthen India’s defence ecosystem by meeting the rising demand for advanced drone technologies.The venture will be developed in partnership
Surveillance technology firm Magellanic Cloud has announced a joint venture worth ₹100 crore with indigenous defence technology company Rayonix Tech to manufacture unmanned aerial vehicles in India, reported MoneyControl. The collaboration is designed to strengthen India’s defence ecosystem by meeting the rising demand for advanced drone technologies.The venture will be developed in partnership
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