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IG Drones eyes aggressive defence foray

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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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