Drone makers are trying to double the number of people in their organizations to develop new products and open up new markets in India and abroad. This is behind a new funding and policy initiative that simplifies the production and operation of drones.
“Our staff is 60 people and we expect it to double in the next quarter. Most of our new employees are in the technical aspects of drone design, engineering, piloting and more. Delhi’s NCR Aakash Sinha, Founder and Chief Executive Officer of Omnipresent Robot Tech, which is based in and provides drones to the government for mapping villages, said: Oil for inspection and investigation. Company.
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He said corporate sentiment has improved in the last six months. “We are receiving more orders from government and private customers. We are trying to put an order of 50 rupees from the state government into a bag. This is the largest order ever,” Sinha said. He added.
Similarly for ideaForge, which manufactures drones for defense, homeland security, and industrial applications. “The last two years have been the highest ever and revenues have increased tenfold,” said Ankit Mehta, co-founder and CEO of ideaForge. Mehta founded the company in 2007 and currently employs 350-400 people (including contract staff). “We’ve doubled our full-time staff from about 200 to 400, and most of our new employees are in the engineering department,” he added.
Garuda Aerospace currently employs 200 people by hiring drone pilots, engineers, and sales executives to serve both domestic and export markets, including the UAE, Malaysia, Panama, and African countries. We plan to increase the number from to about 1,500.
Agnish Wajayapura Kash, Founder and Chief Executive Officer of Garuda Aerospace, said: In addition to manufacturing and servicing drones, the company also provides clients with data analysis and artificial intelligence applications, Jayapura Kash said.
Last month, ideaForge received $ 20 million in Series B funding, while Omnipresent Robot Tech raised a private amount in February from the investment company of Zerodha co-founder Nikhil Kamath.
“Most of our capital investment is for developing new products and improving the effectiveness of existing solutions,” says Mehta. Shinha said his company will spend its working capital and money to expand its business. “We aim to expand the manufacturing and drone training facilities at Gautam Buddha University,” Sinha added.
IdeaForge and OmnipresentRobotTech are one of the 14 beneficiaries selected under the Drone’s Production-Linked Incentive (PLI) scheme last month. Last September, the center cleared its plan to make India a drone hub by 2030. It provides manufacturers of drones and drone components with up to 20% incentives. The government expects the sector to attract more than 5,000 rupees and expects sales to jump from around 60 rupees in 2020-21 to 900 rupees in 2012.
“In our products, 70% of the components are unique. We are trying to double that. The PLI scheme encourages us to add value to more regions.” Said Mehta.
“The list of beneficiaries is published under PLI, but it is imperative to promote the granting of type certificates under Drone Rule 2021. This is because drone imports are banned and in domestic production. This is especially important because launching is highly dependent on grants. Type certification, which is a prerequisite for commercial drone development, “said Huzefa Tavawalla, Head of Destructive Technology Practice at Nishith Desai Associates.