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Agri drone company IoTechWorld Avigation eyes multifold growth in current fiscal

IoTechWorld Avigation aims to sell more than 1,000 Kisan Drones in 2022–23 and to gain the majority of the market for these drones, which is anticipated to reach Rs. 5000 crore by 2025–26
Agri drone company IoTechWorld Avigation eyes multifold growth in current fiscal
Agri drone company IoTechWorld Avigation eyes multifold growth in current fiscal (Representational image: Shutterstock)

Leading Kisan Drone (Agricultural Drone) producer IoTechWorld Avigation is looking for multifold expansion in both values and volume terms, in the current fiscal, buoyed by the exponential development potential of the drone sector. The Gurugram-based company aims to sell more than 1,000 Kisan Drones in 2022–23 and to gain the majority of the market for these drones, which is anticipated to reach Rs. 5000 crore by 2025–26.

India’s first type-certified drone manufacturer is in advanced talks with investors to raise money to support its growth aspirations. The money would be used for expansion. The drone tech company received about Rs 30 crore in funding from agrochemical company, Dhanuka Agritech last year. IoTechWorld Avigation has been chosen for the Production Linked Incentive (PLI) scheme for drones and drone parts by the Government of India.

The ‘AGRIBOT’ drone from IoTechWorld Avigation is a multi-use Kisan drone that supports pesticide spraying, granule dissemination, and crop health monitoring. Deepak Bhardwaj and Anoop Upadhyay, co-founders of IoTechWorld Avigation, outlined the growth strategy and the important steps done by the drone technology firm.

Within one to two years, the business hopes to have all components made in India. In order to educate farmers about the advantages of drones in agriculture, it has carried out many campaigns including a 15,000 KM Drone Yatra across India. By creating drone operators IoTechWorld Avigation is nurturing village-level entrepreneurs and service partners in order to create jobs. The business supports farmers by operating its own centres in 12 states. A new entrepreneur is also eligible for financial assistance (loans) under the Union Ministry of Agriculture and Farmers’ Welfare’s Agriculture Infrastructure Fund (AIF).

With its DRASS mobile app, IoTechWorld is assisting small and marginal farmers in accessing drone services as well as new entrepreneurs in acquiring clients. In order to lower down drone operating costs and boost mobility, the company has introduced the “Bike Back Drone” model with new Lithium Ion batteries. In collaboration with various state governments, the business is establishing an RPTO (Remote Pilot Training Organization). This will provide a very affordable pilot licencing course.

State agriculture universities (SAUs), Krishi Vigyan Kendras (KVKs), and several ICAR institutions have purchased drones from the company, and now they are able to demonstrate their use and educate local farmers. The drone tech company is also working on improving the bio-efficacy of all crop protection chemical companies in association with leading agrochemical manufacturing companies.

A multilingual user interface based on Hindi, Punjabi, Telugu, Marathi, Tamil, and Kannad has been created for farmer friends’ convenience. The government is offering subsidies ranging from 40% to 100% to encourage the quicker adoption of kisan drones.

The co-founders said, “Clearly, the growth prospect is enormous, and IoTechWorld Avigation for its avant-garde efforts and vision is expected to win a substantial share of the Kisan Drone industry.” According to a recent FICCI-EY report, the drone market is anticipated to reach US$30 billion by 2030. An estimated 30 percent of the global drone market comes from the agricultural drone business.

Read more: Dhanuka Agritech bets big on drone applications in agriculture

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