Predictmedix (PMED.C) recent partnership with India’s Tier 2 defence engineering company, Para Defence and Space Technologies, intends to target the government and public sector market in South Asia, according to a press release.
Para and Predictmedix have joined forces to identify business opportunities in both the Indian government and public sector. While Para defence is one of the largest companies providing technologies related to defence to the Indian government, they also have clients in other Asian countries along with the Middle East.
“We are extremely excited to partner with Paras as not only are they the premier defence technology company in India but they also have an established presence in the government and the public sector. We will be leveraging their expertise not only for fabrication but also to target this significant business opportunity”, said Dr. Rahul Kushwah, COO of Predictmedix.
Paras Defence and Space Technologies is in the business of manufacturing defence electronics and space applications products. They offer defence automatic and control, computing, sensors, motors for missiles, rockets, telescopes, guns and ammunition, and special purpose machines. Predictmedix’s work with Para will be to launch its screening technology for infectious disease symptoms, as well as their impairment screening tech.
“We are looking forward to working with Predictmedix to capitalize on this market opportunity. Paras is already a registered vendor to almost all the Government & Public Sector departments in India,” said Anish Mehta, director at Paras.
Full disclosure: Predictmedix is an equity.guru marketing client.