What's India's Bet on Drone Industry?

What's India's Bet on Drone Industry?

Drones have become increasingly popular in recent years, with applications ranging from photography and videography to agriculture and delivery services. India, too, has recognized the potential of the drone industry and is making significant efforts to become a leader in this field. In this article, we will explore India's bet on the drone industry, its current status, and future prospects.

Current Status of India's Drone Industry

India's drone industry is still in its nascent stage, but it is growing rapidly. According to a report by the Federation of Indian Chambers of Commerce & Industry (FICCI), the Indian drone industry is expected to reach $885.7 million by 2021, with a compound annual growth rate of 18.2%.

Currently, the majority of drone usage in India is for recreational purposes. However, the government is actively promoting the use of drones in various sectors, including agriculture, mining, and infrastructure. The Directorate General of Civil Aviation (DGCA) has also issued guidelines for the operation of drones, which has provided clarity and helped in the growth of the industry.

Investment Opportunities in India's Drone Industry

Investors are keeping an eye on India's drone industry, recognizing its potential for growth. The Indian government has also recognized the importance of investment in the drone industry and has announced several initiatives to promote it.

One of the initiatives is the Drone Ecosystem Policy Roadmap, which aims to create a conducive environment for the development and growth of the drone industry in India. The government has also launched a scheme called the 'Drone Swaraj Fund', which provides funding for drone startups.

India's Drone Industry Future Prospects

The future prospects of India's drone industry look promising. The government has identified several sectors where drones can be used, including agriculture, mining, and infrastructure. Drones can help in theprecision agriculturesector by providing real-time information on crop health and soil moisture. In the mining sector, drones can be used for mapping and surveying purposes. In the infrastructure sector, drones can help in the inspection of bridges, dams, and other structures, thereby reducing safety risks.

Conclusion

In conclusion, India's bet on the drone industry is a smart move, considering its potential for growth and development. The government's initiatives and investment opportunities are helping in the growth of the industry. The future prospects of the industry are promising, and it is expected to play a significant role in various sectors, including agriculture, mining, and infrastructure. Investors looking for opportunities in the drone industry should keep an eye on India's progress and invest accordingly.