Agricultural drone manufacturer IoTechWorld Avigation aims to increase sales of its drones sixfold to 3,000 units this fiscal year, by strengthening its network across India and entering new foreign markets in Russia, Africa, Brazil and SAARC countries.
IoTechWorld plans to expand its product range by introducing several new UAVs in 2023-24, including a new agricultural drone, the Agribot A6, and a surveillance drone. Adding new products will increase the company’s market share and market competitiveness. However, agricultural drones will always be a prime focus.
The company celebrated its anniversary last week with the launch of the new ‘A6’ version of its popular agricultural drone ‘Agribot’.
The latest variant of the drone is designed to be more compact and portable than its predecessor, which should make it easy to transport.
“Our business was very successful with the sale of approximately 500 agricultural drones last fiscal year. It is encouraging that awareness of the benefits of using drones in agriculture and Central and state governments’ support the use of drones,” said Deepak Bhardwaj, co-founder of IoTeWorld Avigation. “With our focus on competitive pricing and effective business strategies, we are confident we will achieve this goal, and we continue to contribute to the use of drone technology in agriculture,” Bhardwaj added.
He added that the company has grown five times compared to last year. IoTeWorld is available in all states and plans to leverage its pan-India presence. On the company’s export plans, co-founder and director Anoop Upadhyay said, “IoTechWorld is able to expand its drone business in foreign markets because many buyers in many countries refuse to import drones from China.”
Upadhyay said, “We focus on major foreign markets, including Russia, Africa, Brazil and South Asian countries. We are already negotiating with buyers in this region.”
Bhardwaj said that using Agribot drones for agriculture is a profit-making job for farmers because they can save money by efficient application of many inputs such as agrochemicals, fertilisers and water compared to traditional methods while getting better yields. In addition, the use of drones saves farmers a lot of time and provides health benefits.
IoTech’s drones have at least 70 per cent of their products manufactured in India, and their prices have to come down due to indigenous products. The company said that the government’s Production Linked Incentive (PLI) scheme will be revolutionary and India will become a key player in drone manufacturing worldwide.
Read more: Fasal partners with SBI to provide horticulture farmers with easy access to capital
RuralMarketing.in is now on Telegram. Click here to join Rural Marketing on Telegram and stay updated with the latest news and updates on rural business and the economy.