Paras Defence and Space Technologies Ltd Signs MoU with IUAC, New Delhi.

Paras Defence and Space Technologies Ltd has signed a Memorandum of Understanding (MoU) with the Inter-University Accelerator Centre (IUAC), New Delhi to jointly develop a commercial-grade MRI magnet system for indigenous manufacturing.

IUAC, an autonomous institute under the University Grants Commission (UGC) and the Ministry of Education, Government of India, specializes in particle accelerator-based research and development.

Under the collaboration, PARAS and IUAC will leverage their respective expertise to advance superconducting MRI magnet technology in India, supporting the government’s vision of Aatma Nirbhar Bharat and promoting self-reliance in high-tech medical equipment manufacturing.