Announcing the Pradhan Mantri Kausal Vikas Yojana 4.0, the Government announced to train lakhs of Indian youngsters in the next three years to enable them to take up industry-relevant skill training that will help them in securing a better livelihood. The scheme includes new-age courses for industry 4.0 in emerging areas like drones. Pradhan Mantri Kaushal Vikas Yojana (PMKVY) is a scheme of the Ministry of Skill Development & Entrepreneurship (MSDE) implemented by the National Skill Development Corporation. Drones stocks in NSE and BSE are something that should be kept a close eye on after this development.
In the last budget, too, the Government focused on the Drone industry through The Drone Shakti scheme, along with the Rs. 120-crore Product Linked Incentives (PLI) scheme for drone and drone components. These incentives by the Government would help increase domestic manufacturing and increase their applications. Drones are likely to be used widely in areas like crop assessment, digitisation of land records, and spraying of insecticides and nutrients.
In this blog, we’ll focus on the leading drone manufacturing companies in India, along with information on their development and upcoming drone technology plans, and discuss the emerging lab diamonds.
Stocks to watch out for
DCM Sriram Industries: DCM is a renowned drone business in India that is developing drone technology. In August 2021, the Indian business DCM Shriram Industries announced purchasing a 30% stake in Zyrone Dynamics, a Turkish drone manufacturer. DCM had previously invested $1 million in this Unmanned Aerial Vehicle (UAV) manufacturer.
Info Edge (India) Ltd: Info Edge is a parent business of numerous well-known websites in India, including Naukri, 99Acres, Jeevansathi, Shiksha.com, and many others. Being early adopters in the Internet sector, they consistently make investments in the future, with drone technology being one of the most important. The company has invested in and purchased interests in Skylark Drones, a business that strives to develop the fundamental framework for the world drone ecosystem.
Zen Technologies Ltd: Zen Technologies is an Indian small-cap drone technology firm that was founded in 1993. They are developing heavy-lift logistics drones, and their anti-drone system detects, categorizes, and tracks drones using video sensors. Zen Technologies has secured orders from the Indian Air Force for Rs 1.6 billion to deliver CUAS, or counter unmanned aircraft systems. This contract underlines their rise in drone technology. In addition to drones, Zen Technologies also creates training programs that prepare soldiers for combat.
Zomato Ltd: Zomato is a global restaurant search engine and food delivery service. To speed up and improve the efficiency of food distribution, the corporation is placing a significant stake in drone technology. TechEagle was purchased by Zomato in 2018 in order to develop a hub-to-hub distribution network employing hybrid multi-rotor drones. Zomato is still developing drone technology, though, in order to realize its aim of using them to distribute food. To work on the DGCA’s BVLOS sandbox, they have teamed up with numerous entrepreneurs and even industry giants like Vodafone.
Paras Defence and Space Technologies Ltd: Paras is a small-cap defense firm in India called Paras Defence and Space Technologies. It is involved in the design and development of a range of defense and space engineering goods and services. In order to advance drone technology, Paras Defence has teamed up with international UAV (Unmanned Aerial Vehicle) manufacturers.
RattanIndia Enterprises Ltd: A midcap publicly listed company in India and a new-age growing business leader. NeoSky India Ltd., a wholly owned subsidiary of RattanIndia Enterprises, announced the beginning of its drone operations in September 2021. NeoSky India focuses on creating cutting-edge drone system platforms emphasizing commercial applications in India. Additionally, the business has made a strategic investment in Matternet, a US-based firm that specializes in urban drone logistics.
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– Debraj Guha Thakurta & Nischay Avichal