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Agrotech, Company News

Leading agricultural drone manufacturer IoTechWorld Avigation Private Limited has revealed that it is aiming a multi-fold growth in both values and volume terms in the current fiscal. The Gurugram-headquartered company is targeting to sell more than 1,000 kisan drones during 2022-23 and is eyeing to capture a good share in the market, estimated to be Rs 5000 crore by 2025-26. 

To fund its growth, India’s first type certified drone manufacturer is in advanced talks with investors to raise funds, which will be utilised for expansion. Last year, the company raised around Rs 30 crore from leading agrochemical company Dhanuka Agritech. The company has also been selected for the Production Linked Incentive (PLI) Scheme for Drone & Drone components by the government of India.

According to Deepak Bhardwaj and Anoop Upadhyay, Co-founders, IoTechWorld Avigation, the company is working to make all components indigenous within one to two years and is also developing village level entrepreneurs and service partners to increase employment.  “Clearly, the growth opportunity is humungous and IoTechWorld Avigation is likely to gain major share of the kisan drone market,” the founders added.

So far, the company has conducted many campaigns and drone yatra of 15000 km across India for educating farmers on the benefits of using drones in agriculture. It has centres in 12 states and will open a Remote Pilot Training Organisation (RPTO) with different state governments to offer low-cost pilot license course.

“IoTechWorld Avigation has launched a bike back drone model and new Lithium Ion batteries to reduce the cost of operating and increase the mobility of drones. ICAR, KVKs, state agri universities have procured drones from us and now we are enabling them so that they can give demonstration and can educate the local farmers,” said Bhardwaj and Upadhyay.

“Our company is working with almost all major plant protection chemical manufacturing companies and working to increase the bio-efficacy of all plant protection chemicals. We are also empanelled with various state governments like Madhya Pradesh,” they added.

As per a recent report by FICCI–EY, the drone market is likely to become $30 billion by 2030 and agriculture drone market is estimated to contribute around 30 per cent of the overall market share.

Leading agricultural drone manufacturer IoTechWorld Avigation Private

AgroPolicy, Agrotech

According to the minster, new technology is aimed to reach more and more farmers, which will facilitate the farmers, reduce the cost and increase the income

Union Minister of Agriculture and Farmers Welfare Narendra Singh Tomar inaugurated and addressed the conference on ‘Promoting Kisan Drones: Issues, Challenges and the Way Ahead’ organized as part of Azadi Ka Amrit Mahotsav.

Tomar said that the government is promoting the use of drones for the convenience of the farmers, reducing the cost and increasing the income. For promoting the use of Kisan Drones, the government is providing 50 per cent or a maximum Rs 5 lakh subsidy to SC-ST, small and marginal, women and farmers of northeastern states to buy drones. For other farmers, financial assistance will be given up to 40 per cent or a maximum Rs 4 lakh.

Union Minister of State for Agriculture and Farmers Welfare, Kailash Choudhary said that this new technology is aimed to reach more and more farmers, which will facilitate them, reduce the cost and increase their income. Under this vision of the Prime Minister, work is being done expeditiously under the guidance of Union Agriculture Minister Tomar. During the attack of locust, the government had also promptly used drones and helicopters for rescue.

Agriculture Secretary Manoj Ahuja said that the conditions are favourable to take drones to the farmers and the government is also committed in this regard. ICAR Director-General Dr Trilochan Mohapatra said that ICAR is contributing through research and training. With this, more and more farmers will be ready to use drones. Joint Secretary Shomita Biswas delivered the welcome address. Additional Secretary Prashant Kumar Swain proposed a vote of thanks. Farmers and entrepreneurs of the drone, fertiliser and pesticide sector, startup operators, and representatives of IFFCO and KVK were present at the conference.

According to the minster, new technology is