The administration of Indian Prime Minister Narendra Modi announced on Friday its goal to make India a “global hub for drones by 2030”. indian period reported.
“There are 270 drones launched in India today, and the country will be a global drone hub by 2030,” Indian Civil Aviation Minister Jyotiradithya Scindia said on May 27. He served at the inauguration of India’s largest drone festival known as “Bharat” in Delhi. Drone Mahotsav 2022”.
Scindia has estimated that India’s drone industry will cost around Rs. 15000 crores [$1,930,697]»As quoted, by 2026 Hindustan Times.
Indian Prime Minister Narendra Modi gave his own speech at a drone event on Friday, where he praised New Delhi’s efforts to advance the use of technology in various government sectors, including defence, disaster management, agriculture and medicine. .
“Drones will help with rapid delivery of drugs. We’ve seen this before with vaccine delivery in challenging terrain. [sic]said Modi.
“Until a few months ago there were a lot of restrictions on drones. We lifted most of the restrictions in a very short time. We are also working to build a strong drone manufacturing ecosystem in India through schemes like PLI,” he said.
“PLI” which stands for “production related incentive” is an economic initiative of Modi management. PLI encourages Indian companies to increase domestic production and exports. The federal government of India has announced 13 PLI projects in 2020 following the coronavirus pandemic in China. The program is part of a larger effort to help New Delhi become less dependent on overseas supply chains, particularly those based in neighboring China. PLI projects offer financial incentives to various Indian companies such as electronics, telecommunications, auto parts, pharmaceuticals and textiles.
Indian oil, gas and metals conglomerate Vedanta announced on May 25 that it has signed an agreement with Taiwanese semiconductor manufacturer Foxconn to manufacture microchips in India in 2024. Vedanta partnered with Foxconn after being inspired by Modi’s PLI to diversify its semiconductor manufacturing program. In addition to increasing drone production, it aims to make India a global microchip manufacturing hub.
“Vedanta seeks encouragement from the Modi government and is also in talks with some Indian states. [semiconductor] The location of the unit,” Vedanta president Anil Agarwal told Reuters on May 25.
“Bharat Drone Mahotsav 2022” will be held from May 27 to 28 in Delhi, the National Capital of India. The opening ceremony of the event on Friday was attended by senior ministers from the federal government of India, including Minister of Health Mansukh Mandavia, Minister of Railways Ashwini Vaishnow, Minister of Environment Bhupender Yadav and Minister of Rural Development Giriraj Singh.
“More than 1,600 delegates, including government officials, foreign diplomats, representatives of the armed forces, central armed police force and POP. [Public Sector Undertakings]Private companies and drone startups join Mahotsawa [festival]”, indian period It was reported on May 27.
Source: Breitbart
