India’s government plans to attract USD6.7 billion investment in drone industry

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The Indian government plans to attract INR50 billion (USD6.7 billion) investment in the next three years and create more than 10,000 jobs and encourage MSME investments by easing eligibility for the PLI scheme according to a report recently published by KPMG.

At present, drones are widely used in military and commercial applications such as surveillance, crop protection, construction project surveying, filmmaking, healthcare, e-commerce delivery, and more.

Since traditional methods are sometimes time-intensive and prone to human error, utilising drones in their place can result in considerable cost savings and mass adoption while enhancing the value of information obtained.

KPMG report

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China’s civil drone market is expected to be worth more than USD14.8 billion in 2022