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Navigating Indian Defense Outreach with the Gulf


Brief Analysis
As India seeks to grow in its self-reliance, developing more balanced relations with the Gulf will strengthen ties while helping to balance against Chinese influence in the region.
In May 2020, Prime Minister Narendra Modi announced that India would pursue 
Atmanirbhar Bharat, or the ‘self reliant India’ initiative a call for India to boost its independence in meeting its national security requirements and defense manufacturing. In exploring this new initiative, India should extend the tenants of the 
Atmanirbhar Bharat initiative to its relations with the Gulf. Initial steps such as the Indian army chief’s unprecedented visit to Saudi Arabia and the UAE are necessary and important in this regard, but Indian-Gulf relations must be further developed and balanced. This development should focus on establishing greater Indian independence while deepening regional ties, all while remaining mindful of concurrent Chinese efforts in the region. ....

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[Funding alert] Mumbai-based drone startup ideaForge raises Rs 15 Cr from BlackSoil


[Funding alert] Mumbai-based drone startup ideaForge raises Rs 15 Cr from BlackSoil
Drone startup ideaForge will be utilising the funds to meet its working capital requirements. Recently, it received an investment of $1 million from Infosys.
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ideaForge
has raised Rs 15 crore from BlackSoil in a venture debt round. This announcement comes in right after IT services major
Infosys announced its investment of $1 million in the company.
According to the official statement, the company will
utilise these funds to meet its working capital requirements for servicing its large order book.
We are pleased to have BlackSoil as our partner. The time of the funding is opportune as we expect strong growth in our product pipeline. The funds, along with recent fundraise from Infosys and other investors, will support ideaForge in the execution of our burgeoning order book, and we hope to build on this relationship and catapult the company into the next pha ....

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ideaforge funding: Drone maker IdeaForge raises Rs 15 crore from BlackSoil


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IdeaForge, which predominantly builds products for security agencies and defence forces, claims it has deployed over 1,000 drones since its inception. Apart from Infosys, the company counts WRVI Capital and Qualcomm as its investors.
“The timing of the funding is opportune as we expect strong growth in our product pipeline. The funds, along with the recent fundraise from Infosys and other investors, will support ideaForge in the execution of our growing order book,” said Ankit Mehta, co-founder and CEO at IdeaForge.
A source told ET that the investments in IdeaForge came after waning investor interest in the company. While the company has diversified to focus on industrial and agricultural applications of drones, the market for such vehicles in India is still very small. ....

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