Paras Defence and Space Technologies Limited announced the signing of a Memorandum of Understanding (MoU) with Green Optics Co., Ltd. of South Korea on March 04, 2026. This strategic partnership aims to establish a framework for the Joint Development, Manufacturing, and Business Development of advanced Optics & Optical Systems specifically for Space and Defence applications in respective regions. Green Optics specializes in the Design & Manufacturing of these critical systems.
Strategic Alliance in Defence Optics
Paras Defence and Space Technologies Limited (PARAS) has entered into a significant strategic agreement by executing a Memorandum of Understanding (MoU) with Green Optics Co., Ltd., based in South Korea. This disclosure was formally made on March 04, 2026.
Partner Profile and Focus Areas
Green Optics Co., Ltd. is an established entity involved in the critical Design & Manufacturing of Optics and Optical Systems tailored for Space, Defence, and other high-technology applications. This expertise aligns directly with the core business mandates of PARAS.
Framework for Collaboration
The objective of the MoU is to create a formal framework to pursue mutual interests in key areas. Both companies intend to collaborate on the Joint Development and Manufacturing of sophisticated Optics & Optical Systems. Furthermore, the agreement covers mutual Business Development initiatives within their respective geographic regions for these specialized Defence and Space applications.
Management Confirmation
The announcement was confirmed by Mr. Munjal Sharad Shah, Managing Director of Paras Defence and Space Technologies Limited, underscoring the importance of this international collaboration for future growth and technological advancement.
Source: BSE
