EyeROV Bags ₹47 Cr Indian Navy Contract

Robotics startup EyeROV has secured a ₹47 crore contract from the Indian Navy for its advanced underwater remotely operated vehicles (ROVs). These ROVs will aid in surveillance, inspection, and repair of naval assets, strengthening India’s indigenous defence technology capabilities. The deal marks a significant milestone for the startup, showcasing how defence contracts can fuel growth for private players in strategic sectors. It also reflects the Navy’s focus on indigenization and technological self-reliance under the “Atmanirbhar Bharat” initiative. For EyeROV, the contract not only validates its technological innovation but also provides long-term business stability. Defence tech startups like EyeROV are gaining prominence as India invests in modernizing its defence ecosystem and reducing reliance on imports.