India firm buys 30% stake in Turkey drone maker
19 Aug 2021; MEMO: A Turkish unmanned aerial vehicle (UAV) producer, Zyrone Dynamics, has received foreign investment from India worth $1 million.
Thirty per cent of the firm's shares – with a total valuation of $3.5 million – were bought by Indian DCM Shriram Industries, Murat Kanber, co-founder of the Turkish company, told Anadolu Agency.
At this week's International Defence Industries Fair (IDEF) in Istanbul, the two companies signed a partnership agreement, he stressed.
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