• OSAT project timeline: Paras Defence has signed an MoU with the Madhya Pradesh government to set up a ₹6,200 crore OSAT facility in Ujjain, which is expected to take 2 to 2.5 years to commission and begin generating revenue in roughly 3 years.
• Phased capital deployment: The ₹6,200 crore investment will be deployed in phases over the next 3 to 5 years, funded through internal efforts, external fundraising, and state and central government incentives.
• Semiconductor and indigenisation: The business will focus on high-end advanced packaging and value-added semiconductors to increase indigenous component sourcing for its defense and space platforms.
• Export demand outlook: Defense export demand has improved over the previous year and is expected to rise further as India continues to establish itself as a global defense manufacturing hub.