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The Central Government has undertaken a series of reform measures to facilitate drone manufacturing and operations in the country, some of these are as follows:(i)Liberalised Drone Rules, 2021 have been notified on 25th August 2021.(ii)Drone Airspace
It listed on the stock markets at Rs 1,305 against its issue price of about Rs 672, thus accumulating 94 per cent listing gains for the investors, , IdeaForge Technology, IdeaForge
The Ministry of Civil Aviation on Wednesday released the second provisional list of 23 beneficiaries under the Production-Linked Incentive (PLI) scheme for promoting the manufacturing of drones and drone components in the country.
The Ministry of Civil Aviation (MoCA) has opened the application window for those manufacturers of drones and drone components, who may have crossed the PLIeligibility threshold for the full financial year (1st April 2021 to 31st March 2022). Such manufacturers may submit the application form at https://www.civilaviation.gov.in/application-pli-scheme. The MoCA order dated 4th May 2022 is at: https://www.civilaviation.gov.in/sites/default/files/Application%20for%20PLI%20scheme%20for%20drones%20and%20drone%20components.pdf The deadline for…
Drone startup Garuda Aerospace has secured an undisclosed amount in a Pre-Series A funding round led by Ocgrow Ventures.