We are pleased to inform that Paras Defence and Space Technologies Limited ( PARAS ) has signed a Memorandum of Understanding (MoU) with Cielo Inertial Solutions Ltd. ( CIELO ), Israel to promote and pursue opportunities in India for the adaptation, marketing, sale and production of Inertial Sensors and Closed Loop FOG based Inertial Solutions.
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Paras Defence has signed a Memorandum of Understanding with Israeli firm Cielo Inertial Solutions Ltd. to jointly pursue business opportunities in India. The collaboration will focus on adapting, marketing, selling, and locally producing Inertial Sensors and Closed Loop Fiber Optic Gyroscope (FOG) based Inertial Solutions. This aligns with India's growing defence indigenization push under 'Make in India'. No financial terms, deal value, or revenue projections were disclosed in the filing. Both companies bring complementary expertise — Paras in defence manufacturing and Cielo in niche inertial navigation technology used in missiles, drones, and naval systems.
Positive sentiment signal — international defence tech tie-up strengthens Paras Defence's product portfolio in a high-growth segment, though the MoU is non-binding and commercial benefits depend on execution, contracts, and regulatory approvals.