HomeNewsBusinessGovt needs 10-year plan to boost drone manufacturing: WEF-Adani Aerospace report

Govt needs 10-year plan to boost drone manufacturing: WEF-Adani Aerospace report

The report by World Economic Forum and Adani Aerospace also proposed two different categories of ownership of drones -- private and community -- in the agricultural sector

October 25, 2022 / 14:26 IST
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Representative image.
Representative image.

The Indian government needs to create a "big picture" plan for the drone manufacturing industry for the next 10 years to strengthen the industry, the World Economic Forum (WEF) said in a report made in collaboration with Adani Aerospace.

To ensure the continued supply of different drone components for manufacturers, the report reviewed by Moneycontrol said that "this would require a detailed analysis of the ancillary industries and their supply chains."

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“For drone services to thrive in India, the country needs a national level streamlining of production systems and production capacity, and rapid cycle manufacturing," the report said.

These recommendations come at a time when the Indian government is betting big on the drone industry, projecting a turnover of Rs 12,000-15,000 crore by 2026, up from around Rs 80 crore presently.