Meet the high-flyer in India’s drones club
1 year, 2 months ago

Meet the high-flyer in India’s drones club

Live Mint  

Bengaluru: In the 2009 Bollywood movie 3 Idiots, Aamir Khan, who plays an engineering student named Rancho, guides a drone with four rotors to the window of a classmate’s hostel room and catches him unguarded… and unclad. The drone manufacturing potential in India could be worth $4.2 billion by 2025, growing to $23 billion by 2030, according to an August 2022 EY-FICCI report titled, ‘Making India the drone hub of the world’. ft, 600-person capacity plant in Navi Mumbai, take off “every five minutes for surveillance or mapping applications", says Ankit Mehta, the company’s co-founder and CEO. A year later, ideaForge demonstrated India’s first quadcopter drone at the government’s Defence Exhibition Organisation. Additionally, the government’s production-linked incentive scheme aims to incentivize Indian drone and drone component manufacturing companies and make India a global drone hub by 2030.

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History of this topic

Will a new incentives package help India's drone industry lift off?
3 months ago

Will a new incentives package help India's drone industry lift off?

Live Mint  

New Delhi: India’s nascent drone ecosystem is set to receive a ₹3,000-crore booster shot, with the Centre planning a new production-linked incentive scheme for the industry, three people aware of the development said on condition of anonymity. “The incentives plan that’s being discussed includes ₹1,000 crore in PLI support for each of three verticals—drone R&D, testing and component infrastructure, and …

There is no dependency on China in UAVs manufacturing, Optiemus Chairman says
1 year, 1 month ago

There is no dependency on China in UAVs manufacturing, Optiemus Chairman says

The Hindu  

Optiemus Infracom has ventured into unmanned aerial vehicles manufacturing commonly known as drones. “Optiemus will be investing ₹25 crore in this new division called Optiemus Unmanned Systems,” said Ashoek Gupta, Chairman, Optiemus Infracom Limited while interacting with The Hindu during India Mobile Congress 2023 where it was announced. Mr. Gupta said that OUS has achieved 60% localisation in manufacturing of …

India could be a serious global player in manufacturing drones, says Garuda Aerospace CEO
1 year, 2 months ago

India could be a serious global player in manufacturing drones, says Garuda Aerospace CEO

The Hindu  

As drone use across sectors has been increasing rapidly, coupled with the government’s Production Linked Incentive scheme to encourage manufacturing unmanned areal vehicles, India could become a serious global player in this sector, where China has been the leader, said Garuda Aerospace founder and CEO, Agnishwar Jayaprakash. He said, “the recent Drone Rules 2023 that allows anyone with a valid …

ideaForge share: Drone stock hits new low. Dips 30% in 3-month after dream debut
1 year, 2 months ago

ideaForge share: Drone stock hits new low. Dips 30% in 3-month after dream debut

Live Mint  

ideaForge share: The initial public offering of ideaForge Technologies Limited were launched in last week of June 2023. The public issue received strong response from investors and it listed at whopping listing premium on BSE and NSE in July 2023. ideaForge shares listed on BSE at ₹1,305 levels whereas it listed on NSE at ₹1,300 apiece levels, delivering over 100 …

India set to begin process to acquire US drones this week
1 year, 5 months ago

India set to begin process to acquire US drones this week

Hindustan Times  

New Delhi: India will this week issue a letter of request to the US government to initiate the purchase of 31 MQ-9B remotely piloted aircraft systems under the foreign military sales programme, Washington DC’s government-to-government method of selling US-built military platforms and providing services and training to other countries, officials aware of the matter said on Sunday. India will negotiate …

IdeaForge’s ₹ 567-cr IPO opens on 26 Jun
1 year, 6 months ago

IdeaForge’s ₹ 567-cr IPO opens on 26 Jun

Live Mint  

New Delhi: Mumbai-headquartered drone maker, IdeaForge Technology, on Wednesday announced that its ₹567-crore initial public offering will open for subscription on 26 June. Ankit Mehta, chief executive of IdeaForge, told Mint the company will use the capital raised to build “tactical-grade and middle-mile drones", and expand its scope of business. IdeaForge’s IPO marks the second drone manufacturer to go public, …

IdeaForge Technology completes pre-IPO round at ₹2,500 crore valuation
1 year, 6 months ago

IdeaForge Technology completes pre-IPO round at ₹2,500 crore valuation

Live Mint  

IdeaForge Technology, the largest drone manufacturer in the country, recently wrapped up its pre-IPO placement at a valuation of about ₹2,500 crore, banking sources told Economic Times. Institutional investors, which includes Tata AIG General Insurance, 360 One Asset Management, Motilal Oswal Mutual Fund, and Think Investments PCC, a foreign institutional investor, took part in the round, which gathered ₹60 crore, …

India's indigenous drones set to take flight but concerns remain: Experts
2 years, 6 months ago

India's indigenous drones set to take flight but concerns remain: Experts

India TV News  

Highlights India's drone industry expected to play an instrumental role in public services Popularity and adoption of drone technology is catching up across India India recently organised its biggest drone festival in the national capital With a growing indigenous base of manufacturers, India's drone industry may play an instrumental role in public services such as agriculture, defence, healthcare and infrastructure …

Why are the big boys of India Inc acquiring drone start-ups?
2 years, 6 months ago

Why are the big boys of India Inc acquiring drone start-ups?

Business Standard  

Last month, when Prime Minister Narendra Modi lifted a drone off the ground and manoeuvred it through a remote, hundreds of heads turned with it at the inauguration of the Bharat Drone Mahotsav in New Delhi. The nascent drone industry has been increasingly catching the attention of India Inc. especially after the government came out with a new policy last …

A drone expert explains the challenges startups will face with drone based deliveries
2 years, 7 months ago

A drone expert explains the challenges startups will face with drone based deliveries

Firstpost  

As fascinating as drones are, the regulations around buying, importing and using drones have been a quagmire for quite some time, especially for enthusiasts. With a number of food and grocery delivery startups as well as established e-commerce players planning to get into drone based deliveries, we need strong players in the Indian market, who have developed the technology indigenously. …

Making of India's drone economy
2 years, 10 months ago

Making of India's drone economy

Business Standard  

BotLab Dynamics -- a start-up incubated at IIT Delhi -- put up a 10-minute drone show on January 29 during the culmination of Republic Day celebrations. The government expects the drone manufacturing industry to invest over Rs 5,000 crore over the next three years and generate 10,000 direct jobs. By FY24, it estimates the turnover of the drone manufacturing industry …

India Buys 4 Israeli Herons, to Upgrade Them With Missiles as Army, IAF, Navy Ramp Up Drone Inventory
3 years, 2 months ago

India Buys 4 Israeli Herons, to Upgrade Them With Missiles as Army, IAF, Navy Ramp Up Drone Inventory

News 18  

India has finalised the deal to buy four new Heron TP drones from Israel that will initially be used in surveillance and reconnaissance missions, but will eventually be upgraded and armed with missiles for precision strikes under Project Cheetah when it kicks off, News18.com has learnt. When Project Cheetah is finalised, the Medium Altitude Long Endurance Heron TP UAVs in …

This is How the Emerging Drone Industry Can Have Its Make in India Moment
3 years, 5 months ago

This is How the Emerging Drone Industry Can Have Its Make in India Moment

News 18  

As India opens its arms to embrace a liberalized drone ecosystem with the Draft Drone Rules 2021, the drone industry is eyeing a boundless sky for the drones to take off. In such a scenario, even the largest drone manufacturers in the country are forced to import crucial components for drones, depriving India of a chance to go truly atmanirbhar …

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