India’s drone economy To increase in coming years.

BotLab Dynamics – a startup incubated at IIT Delhi – held a 10-minute drone demonstration on January 29 during the peak of Republic Day celebrations. The noise of 1,000 drones and their formation on the globe, the “Make-in-India” icon, the National War Memorial, and the Mahatma Gandhi photo in mid-air left the audience in awe.

Only the United States, Russia and China are capable of such a spectacle with 1,000 drones. Union Minister – Science and Technology is proud to develop the drone project locally.

The drone show showed what is to come as the government aims to make India a global drone hub by 2030. Just 11 days after the exhibition, the import of drones got stopped to promote domestic production.

India imports most of its drones and components, especially from China. Chinese technology DJI is the largest drone manufacturer in the world.

Except for research and development and defence and security purposes, the government must authorize the import of drones for any other purpose. Import of drones and its components will still be allowed. The move comes after regulations on the registration and operation of drones in the country were relaxed. And also, after announcing the Rs 120 crore Manufacturing Linked Incentive (PLI) plan to boost drone production in the country.
This amount represents almost double the total revenue of all domestic drone manufacturers in fiscal year 21.

The areas where one can still use drone are endless.

These include
agriculture
mining
insurance
oil and gas
transportation
disaster management,
geospatial mapping,
forests and wildlife,
defence and law enforcement.

Loosen drone regulations enacted last August abolished some permits and approvals. The number of forms to complete has been reduced from 25 to 5, and the fee type from 72 to 4.

No permission is needed to operate drones in green areas, and no remote pilot license is required for non-commercial use of micro and nano drones. A payload of up to 500 kg has been allowed so that the drone can be used as a drone taxi. In addition, foreign ownership of companies operating drones has also been allowed. In September 2021, the DGCA launched an interactive airspace map to help drone operators check no-fly zones or places where they must complete specific procedures When flying a drone.

The government expects the drone manufacturing industry to invest more than Rs 5,000 crore over the next three years and create 10,000 direct jobs. In Fiscal Year 24, he estimates that the drone industry’s revenue will increase to Rs 900 crore from Rs 60Cr.

In the Union Budget, Finance Minister said the government would encourage startups to facilitate Drone-as-a-service (draas).

Drone as a service allows businesses to benefit from various services from drone companies, saving them from investing in the aircraft’s hardware or software, pilots, and training programs. Driverless.

According to the government, the drone service industry is expected to grow to more than Rs 30,000 Cr in the next three years and create more than 5 million jobs. Will roll out Drone-related training in selected Industrial Training Institutes (ITIs) in all states.

The centre will also promote using “Kisan drones” to assess crops, digitize land records and spray pesticides.

In September last year, Civil Aviation Minister Jyotiraditya Scindia said that India’s drone industry will reach a total revenue of up to Rs 15,000 by 2026.

With this series of measures, the government hopes to develop drone production and focus on the nascent drone service industry.