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Drone startups want regulations to be eased , more focus on defence
Inc42
·
1y ago
Medial
Drone tech startups in India are hoping for a favorable budget that addresses their demands. They seek relaxed regulations and faster approval processes, particularly for urban air mobility solutions. Startups also desire an extension of the production-linked incentive (PLI) scheme for drones and lower interest rates for drone loans. Furthermore, the government is encouraged to promote the use of drones in agriculture by providing subsidies for training farmers and waiving GST on drones and related products. Defense drone startups are also seeking higher allocation for the development and deployment of advanced drones.
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Drone firms push for easier rules to soar beyond BVLOS
Economic Times
·
4m ago
Medial
Drone startups in India are advocating for eased regulations to enable beyond visual line of sight (BVLOS) operations, crucial for sector growth. The current framework requires special government approvals, hindering expansion. The Drone Federation of India is drafting recommendations to the government, emphasizing safety and reliability standards. Enhanced BVLOS regulations could boost GDP by $1.6 billion by 2030 in sectors like agriculture and logistics. Effective drone traffic management systems are also necessary for safe operations.
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IG Drones eyes aggressive defence foray
Livemint
·
1y ago
Medial
Drone technology company IG Drones is planning aggressive expansion in the drone manufacturing sector, with a focus on defence. The company is setting up a large-scale manufacturing plant in Vadodara, Gujarat, and aims to produce approximately 1,000 drones per year. The facility is expected to be launched in June and will initially operate at 30% capacity. IG Drones also intends to allocate 50% of its defence drone capacity for exports, with strong demand coming from Indian forces and Middle Eastern countries. The company is looking to raise around $5 million to support its technological advancements, including developing 6G drones.
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Garuda Aerospace to set up dedicated defence drone facility near Chennai
YourStory
·
10m ago
Medial
Drone manufacturer Garuda Aerospace plans to establish a dedicated Defence Drone facility in Chennai as part of India's 'Make in India' campaign. The facility will have state-of-the-art design, manufacturing, and testing capabilities, and will focus on developing drones with ISR capabilities, swarm drones, tethered drones, and underwater drones. Garuda Aerospace aims to produce critical drone components locally and collaborate with international companies such as Agrowing and Spirit Aeronautics. The company's founder and CEO, Agnishwer Jayaprakash, stated that the Defence Minister, Rajnath Singh, supports Garuda Aerospace's plan to contribute to Aatmanirbhar Bharat (self-reliant India).
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Centre Working On New PLI Scheme For Drone Sector
Inc42
·
10m ago
Medial
- New PLI scheme promises enhanced implementation and documentation - Drone sector categorized into civilian use, security/defence forces use, and unregulated use - Government introduced INR 120 Cr PLI scheme for drones in 2021 - PLI scheme has a three-year tenure starting from 2021-22 - Focus on streamlining and strengthening the drone industry - Aims to promote domestic manufacturing and augment job creation
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Drone startup Vayudh raises $10 Mn led by Dharana Capital
Entrackr
·
3m ago
Medial
Drone startup Vayudh raises $10 Mn led by Dharana Capital Defence technology startup Vayudh has raised $10 million in a new round led by Dharana Capital. The round also saw participation from Deepinder Goyal (founder of Zomato), Ajay Aggarwal (MD, Action TESA), Sumit Jalan, LetsVenture, and Navam Capital. Florintree Advisors had invested in Vayudh earlier. The proceeds will be used to strengthen research, grow manufacturing capacity, and speed up deployments for Indian defence forces. Founded in 2016 by Tanmay Bunkar, Anuj Barnwal, and Sarita Ahlawat, Vayudh develops drone platforms for battlefield intelligence, surveillance, and reconnaissance. The startup has worked on swarm drone technology and logged over 300,000 autonomous flying hours. In 2023, it received the iDEX Grant to develop India’s smallest surveillance drone. Vayudh recently launched Atri, a nano surveillance drone. Vayudh builds and tests its drones in India and focuses on UAVs for defence and security.
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Defence, drone startups roll up sleeves to boost production
Economic Times
·
2m ago
Medial
Homegrown defence and drone startups in India are experiencing increased demand, driven by the conflict with Pakistan, which has prompted the Indian military to strengthen its arsenal. These startups emphasize the need for India to scale its manufacturing capabilities, reducing reliance on foreign technologies. Industry experts highlight the economic inefficiency of using costly missiles against low-cost drones and advocate for domestic counter-drone solutions. Collaboration and investment in indigenous technologies are crucial to enhance national security and self-reliance.
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DroneAcharya To Bring EU Defence Drone Tech To India
Inc42
·
9m ago
Medial
Indian company DroneAcharya has secured a contract with Krattworks to produce and distribute their defence drone products in India. Krattworks specializes in advanced drone solutions, offering intelligence, surveillance, and reconnaissance (ISR) drones with advanced features like jamming resistance and day and night vision capabilities. The drones will be used for critical defence applications such as border patrolling, round-the-clock surveillance, and ISR missions.
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Ex-defence secretary Ajay Kumar’s VC fund to invest in spacetech firm GalaxEye
Economic Times
·
9m ago
Medial
Venture capital firm Mounttech Growth Fund is participating in a $10 million funding round for spacetech startup GalaxEye. The fund, founded by former defence secretary Ajay Kumar, focuses on space and defence startups. This investment is Mounttech's first since its inception. The funding will be used to accelerate the development of GalaxEye's upcoming satellite, called the "Drishti Mission," which aims to provide high-resolution, all-weather, multi-sensor data. GalaxEye has also partnered with Ideaforge for drone technology development and other industry partners for satellite launches. The Indian space technology sector saw $126 million in funding in 2023.
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Defense related stocks surge; Ideaforge tech jumps 20%
Economic Times
·
3m ago
Medial
Defence-related stocks surged due to increased focus and expected spending amidst India-Pakistan geopolitical tensions. The Indian Army reported drone attacks and ceasefire violations by Pakistan, which were effectively repulsed. Key stocks like Paras Defence, Bharat Dynamics, and Bharat Electronics rose significantly. Ideaforge Technology and Droneacharya Aerial Innovations also saw considerable gains. Analysts highlighted the influence of potential defense spending increases on stock momentum, following India's retaliatory missile strikes in Pakistan-occupied Kashmir under 'Operation Sindoor'.
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IIT Prof's Amber Wings develops indigenous agri-drone, prototyping India's largest drone
Economic Times
·
9m ago
Medial
Chennai-based startup Amber Wings has developed an agricultural drone called 'Vihaa,' and is set to release an indigenous version with a 20-kg payload. The startup is also prototyping a larger drone with a 50-kg payload. They aim to cater to various markets, including defence and civilian, and reduce reliance on Chinese suppliers. The Vihaa drone can spray crops more efficiently than manual methods. Amber Wings is collaborating with the Directorate General of Civil Aviation to develop tracking systems for commercial drone use in yellow and green zones. They also aim to enable efficient delivery for e-commerce companies.
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