Paras Defence & Space Technologies Limited (Paras Defence) has announced an investment of Rs 12,000 crore to create India’s first-ever Optics Park. The announcement was made during the World Economic Forum at Davos, Switzerland, in collaboration with the Government of Maharashtra (GoM), marking a major leap towards self-reliance in optics and optical systems.
Optics Park
The Optics Park will be a state-of-the-art technology hub, aiming to make India a global leader in optical technologies for sectors like defence, space, automotive, and more.
Direct Jobs
This massive investment is expected to create over 2,000 direct jobs, offering opportunities in optics research, development, and manufacturing. The project will bring innovation across industries by developing cutting-edge optical systems for quantum communication, anti-drone technology, space exploration, and advanced medical applications.
All you want to know
The project will feature modern infrastructure to support various stages of optical technology development, including raw material production, optical assembly, system testing, and more. The Optics Park will also include an Academy for Optics & Allied Technologies to foster skills development and knowledge sharing.
Focus Areas of the Optics Park:
• Advanced Optical Technologies: Development of innovative technologies such as MEMS-based sensors, adaptive optics, and laser systems.
• Optical Materials: Research in critical materials like Germanium, Silicon, and Zinc Selenide, vital for optical systems, semiconductor products, and space components.
• Diverse Applications: The park will focus on technologies that have a wide range of applications across various industries like aerospace, defence, automotive, space, and medical fields.
The Government of Maharashtra has pledged its full support for the project, offering incentives and facilitating approvals to ensure smooth execution. The park is expected to benefit from Paras Defence’s strong network of international partnerships and access to capital markets, which will further drive its success.
With a phased construction plan set to roll out from 2028 until 2035, the Optics Park will continue to scale its operations as it grows, positioning India at the forefront of global technological advancement in optics. This project not only reinforces India’s ambitions for technological independence but also reflects the country’s growing influence in the global optics sector.
