Hyderabad-based Magellanic Cloud and Gurugram-based Rayonix Tech have entered into an $11 million joint venture agreement to manufacture unmanned aerial vehicles in India in partnership with Israel’s XTEND.
The joint venture will create localized manufacturing, testing and distribution capabilities for UAV systems in India to meet the growing demand for advanced UAV systems from the country’s defense ecosystem, Magellanic said Tuesday in announcing the deal with Rayonix.
Published – 28 Apr 2026 19:41 IST
