A year since the announcement of incentives for the country’s fledgling drone manufacturing industry, there has been a steady increase in the number of projects.
This has spurred startups such as Garuda Aerospace, IdeaForge and Skye Air Mobility, which provide drones-as-a-service for such projects, to accelerate manufacturing due to the increasing demand.
For instance, Garuda Aerospace said it will double its production capacity to 100 drones per day by March 2023.
Agnishwar Jayaprakash, the company’s founder and chief executive officer, said demand is outpacing supply. “We already have received 27,000 pre-bookings for drones, which are ready to be delivered by March next year. By end-2024, we aim to make up to 100,000 drones every year," Jayaprakash said.
Similarly, Mumbai-based IdeaForge received a contract worth $20 million in January last year to make drones specifically for the Indian Army. In March this year, it received a second similar order as well. Manufacturing of domestic drones was further augmented on 8 August, when industry body Drone Federation of India (DFI) signed a memorandum of understanding with the Army Design Bureau (ADB) to build and design drones for use in the Indian military.
Continue reading: https://www.livemint.com/industry/manufacturing/drone-manufacturing-industry-gets-off-to-a-steady-flight-11663174380897.html
This has spurred startups such as Garuda Aerospace, IdeaForge and Skye Air Mobility, which provide drones-as-a-service for such projects, to accelerate manufacturing due to the increasing demand.
For instance, Garuda Aerospace said it will double its production capacity to 100 drones per day by March 2023.
Agnishwar Jayaprakash, the company’s founder and chief executive officer, said demand is outpacing supply. “We already have received 27,000 pre-bookings for drones, which are ready to be delivered by March next year. By end-2024, we aim to make up to 100,000 drones every year," Jayaprakash said.
Similarly, Mumbai-based IdeaForge received a contract worth $20 million in January last year to make drones specifically for the Indian Army. In March this year, it received a second similar order as well. Manufacturing of domestic drones was further augmented on 8 August, when industry body Drone Federation of India (DFI) signed a memorandum of understanding with the Army Design Bureau (ADB) to build and design drones for use in the Indian military.
Continue reading: https://www.livemint.com/industry/manufacturing/drone-manufacturing-industry-gets-off-to-a-steady-flight-11663174380897.html
