Budget 2024: Elevating India’s Drone Industry to New Heights of Innovation and Growth

The vision is crystal clear – by 2030, India aims to be a global hub for drones, and this budget serves as the launchpad for that ambitious journey.

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Bodhisattwa Sanghapriya, Founder & CEO of IG Drones, highlights the government's commitment to the nation's technological future. (IE)

India’s drone industry is taking flight, bringing transformative change across sectors, from defence to agriculture. In the dynamic tapestry of India’s startup ecosystem, characterized by resilience and innovation, increased funding support and strategic initiatives act as catalysts for sustained growth and global competitiveness. The vision is crystal clear – by 2030, India aims to be a global hub for drones, and this budget serves as the launchpad for that ambitious journey. It’s not just a financial plan; it’s a roadmap to ensure that technological prowess propels India into a future of sustained growth and global leadership in drone technology.

Bodhisattwa Sanghapriya, Founder & CEO of IG Drones, highlights the government’s commitment to the nation’s technological future. The focus on training youth in drones, AI, and coding signifies a strategic investment, laying the groundwork for a tech-savvy India.

As the awaited budget approaches, it holds the key to propelling the momentum further. The emphasis on production incentives and R&D for drone technology underscores the government’s dedication to fostering innovation. In the startup landscape, particularly regarding funding challenges, the budget becomes crucial for ventures like IG Drones. Sanghapriya emphasizes the need for the budgetary spotlight to illuminate the path for drone technology.

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First published on: 30-01-2024 at 15:36 IST
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