While Dhaksha denied using Chinese parts in its drones, Garuda Aerospace said components that are integrated meet all regulatory standards.
At least five firms that had looked to the promised funds to scale up their businesses are engaging with other investors to raise interim capital as SphitiCap awaits SEBI's approval.
The company in a statement said that the Goa Agriculture Department has invited them to collaborate in conducting the initiative of the Drone Yatra aiming to create awareness and promote the adoption of drone technology in agriculture.