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Drone Destination signs pact with IFFCO for spraying agri products on 30 lakh acres of farm land

Money Control

Money Control · 1y ago

Drone Destination signs pact with IFFCO for spraying agri products on 30 lakh acres of farm land

Drone Destination has entered into an agreement with agricultural cooperative IFFCO for spraying agricultural products on up to 30 lakh acres of farmland in 12 states across India. The deal is expected to generate revenue of around Rs 120 crore to Rs 240 crore. The drones will be used to spray IFFCO's agri-products, with the aim of improving agricultural productivity and efficiency. This partnership is expected to revolutionize Indian agriculture and increase its contribution to GDP. It also opens up opportunities for the sale of IFFCO's agri-inputs and products for drone spray.

Related News

DeHaat Inks Pact With Drone Destination To Offer Agri-Drone Solutions

Inc42 · 10m ago

DeHaat Inks Pact With Drone Destination To Offer Agri-Drone Solutions

DeHaat and Drone Destination have announced a collaboration to aggregate orders for drone spray services. DeHaat will list Drone Destination as a service provider on its platform, while the agritech company will also list its agricultural products on the drone tech startup. The Indian drone tech space is projected to reach a market size of $13 billion by 2030.

MS Dhoni backed Garuda Aerospace bags 400 Agri Kisan drone orders from IFFCO

Economic Times

Economic Times · 2y ago

MS Dhoni backed Garuda Aerospace bags 400 Agri Kisan drone orders from IFFCO

MS Dhoni backed drone manufacturer Garuda Aerospace said on Tuesday it has secured an order of 400 Agri Kisan Drones from Indian Farmers Fertilizer Cooperative Limited (IFFCO). This takes Garuda Aerospace's order book tally to 10,000 drones for this year within the first three months, it said in a statement.

Garuda Aerospace signs pact with French Thales to promote drone ecosystem | Mint

Livemint

Livemint · 1y ago

Garuda Aerospace signs pact with French Thales to promote drone ecosystem | Mint

French aerospace company Thales has signed a preliminary agreement with drone manufacturer Garuda Aerospace to support the growth of the drone industry in India. Thales will contribute its expertise in unmanned traffic management solutions and UAV detection, while Garuda will bring its manufacturing capabilities. The collaboration aims to advance the development of technological solutions that facilitate safe and secure drone operations and promote the use of drones in various applications in India.

Microsoft Buys Another 16.4 Acre Plot In Pune For INR 435 Cr

Inc42 · 10m ago

Microsoft Buys Another 16.4 Acre Plot In Pune For INR 435 Cr

Microsoft has acquired a 16.4 acre plot of land in Pune, India for a total investment of INR 27.18 crore. This is part of their recent acquisitions in Pune, which now totals over 30 acres of land with a total investment of INR 973 crore. The previous acquisition included a 13.6 acre land parcel for INR 520 crore.

Husband Wife Farm: Organic moringa startup earns ₹10 lakh/acre

Inshorts · 4m ago

Husband Wife Farm: Organic moringa startup earns ₹10 lakh/acre

Jitendra and Sarala left their corporate jobs to start Husband Wife Farm, growing organic moringa on their ancestral land. They ensure nutrient-rich produce using sustainable practices like no-till farming, mulching, and organic composting. Their farm generates ₹10 lakh per acre, tapping into the booming global moringa market while promoting health, sustainability, and entrepreneurship.

Microsoft has shelled out $76 million for a pumpkin farm in Wisconsin

Business Insider

Business Insider · 1y ago

Microsoft has shelled out $76 million for a pumpkin farm in Wisconsin

Microsoft has purchased 407 acres of land in Wisconsin for a new data center campus, including a pumpkin farm attraction. The $76 million deal with the Creuziger family is a major win for them, as it was more than three times the amount offered by the local government in 2017. Microsoft has also made other land deals in the region, with construction already underway for the first phase. The company expects the data center to create jobs and meet the increasing demand for computing power in AI technology.

Vivo Gets Partial Occupancy Certificate For Manufacturing Unit In Noida

Inc42 · 11m ago

Vivo Gets Partial Occupancy Certificate For Manufacturing Unit In Noida

Vivo has been allocated 169 acres of land by YEIDA to build its assembly and SMT lines, with a total built-up area of 1.6 lakh sqm. Once completed, the production capacity will increase to 120 million smartphones per year, leading to the creation of 16,000 new jobs.

Kothari Industrial Corporation launches agri-products that can boost farm output

Economic Times

Economic Times · 1m ago

Kothari Industrial Corporation launches agri-products that can boost farm output

Kothari Industrial Corporation Ltd has introduced 30 new agro-products to enhance agricultural output and meet farmers' needs. These offerings include bio and organic fertilizers, insecticides, fungicides, and neem-based variants such as Kothari Bioshakthi Gold and Kothari Neem Power. The company, led by Executive Chairman Dr. Rafiq Ahmed, aims to empower farmers and address challenges related to pests and diseases, offering solutions like drone-based spraying to improve farming practices.

ED restores Rs 1,000 cr worth assets to Andhra govt to help Ponzi victims

Economic Times

Economic Times · 1m ago

ED restores Rs 1,000 cr worth assets to Andhra govt to help Ponzi victims

The Enforcement Directorate (ED) has restored assets worth over Rs 1,000 crore to the Andhra Pradesh government to aid victims of the Agri Gold Ponzi scheme. The scheme involved the Agri Gold group collecting deposits from 19 lakh customers under the pretense of real estate investment, which turned fraudulent. The assets, including agricultural land and plots, will be handed to victims, marking a significant restitution step under the Prevention of Money Laundering Act.

Bhopal man starts double-storey goat farm, now earns in lakhs

Inshorts · 5m ago

Bhopal man starts double-storey goat farm, now earns in lakhs

With a desire to move out of his comfort zone, Sameer Ismail started the Bhopal Goat and Agro Farm in 2021. This double-storey farm operates on well-researched methods of raising and breeding goats. With an optimum capacity of 300 to 350 goats, the farm is smell-free and disease-free as well. In FY24, the revenue figure came at roughly ₹30 lakh.

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