Four years after the regulatory crackdown, drones are set to rise from the shadows as government releases a roadmap for opening up the skies.
IT’S PERHAPS the largest drone manufacturer in the country but Navi Mumbai-based idea Forge was a typical start-up till not too long ago. It was founded by four friends from IIT-Bombay, who built the world’s smallest and lightest autopilot – the brain inside a drone system – and the first indigenous micro unmanned aerial vehicle. The technology gave them entry into defence, particularly the Defence Research & Development Organisation, which gave them their first big order. Today, idea Forge says it supplies over 90 per cent of drones procured by the government.
IdeaForge’s focus on the government is not incidental. The government has been the biggest legitimate procurer of drones in India ever since a Directorate General of Civil Aviation (DGCA) notice in 2014 prohibited their use for civilian purposes, killing at birth what could have been a huge industry, helping tens of different sectors, by now. For instance, in 2014 Amazon had announced that it would make India a test bed for Prime Air Service, its drone delivery arm. The plan could not go anywhere. Mumbai-based Fransesco’s Pizzeria tried to deliver a pizza on a drone but ran into police.
However, all this is set to change with the new drone regulations 1.0 – which allow operators to fly after taking clearance through a mobile app – that kicked in from December 1 last year. The easing of the rules is expected to trigger a boom in the use of drones by both enterprises (public/private) and private service providers.
Diese Geschichte stammt aus der January 21, 2019-Ausgabe von Business Today.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent ? Anmelden
Diese Geschichte stammt aus der January 21, 2019-Ausgabe von Business Today.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent? Anmelden
"Inaction is worse than mistakes"
What was the problem you were grappling with?
TEEING OFF WITH TITANS
BUSINESS TODAY GOLF RESUMES ITS STORIED JOURNEY WITH THE 2024-25 SEASON OPENER IN DELHI-NCR. THERE ARE SIX MORE CITIES TO COME
AI FOOT FORWARD
THE WHO'S WHO OF THE AI WORLD GATHERED AT THE TAJ MAHAL PALACE IN MUMBAI TO DELIBERATE THE TRANSFORMATIVE IMPACT OF AI ON INNOVATION, INDUSTRIES, AND EVERYDAY LIFE.
Decolonising the Walls
ART START-UP MAAZI MERCHANT IS ON A MISSION TO BRING INDIA'S FORGOTTEN ART BACK HOME
"I'm bringing Kotak under one narrative, one strategy, one umbrella”
Ashok Vaswani is a global banker who spent most of his career overseas at institutions like Citi Group and Barclays, among others.
CHOOSING THE CHAMPIONS
The insights and methodology behind the BT-KPMG India's Best Banks and NBFCs Survey 2023-24.
'INDIA IS AT AN EXTREMELY SWEET SPOT'
The jury members of the BT-KPMG Survey of India's Best Banks and NBFCs discuss developments in the banking sector and more
FROM CRISIS TO TRIUMPH
Dinesh Kumar Khara stewarded SBI through multiple challenges during his tenure, while ensuring that profits tripled, productivity soared, and the bank consolidated its global standing
AT A CROSSROADS
BANKS ARE FACING CHALLENGES ON BOTH SIDES OF THE BALANCE SHEET-ASSETS AS WELL AS LIABILITIES-WHICH ARE PUTTING PRESSURE ON MARGINS.
EXPANSIVE VISION
Bajaj Finance, an outlier in terms of digitisation, faces stiff competition. But it continues to expand its reach