Vipul Singh, Founder & CEO, Aarav Unmanned Systems (AUS), shares his perspective on the Union Budget
“The Union Budget presented by the Hon’ble Finance Minister ensures supercharged growth for the drone industry in India in the years to come. The budget duly recognizes the key role drone technology is playing in solving some really tough to solve problems for sectors like land records, infrastructure, mining, disaster management, and agriculture. Furthermore, the announcement of Drone Rules 2021, the PLI scheme for the drone industry, and subsidies for drones to be used for agriculture applications have provided a fillip to the sector. In Budget 2022, the announcement of the ‘Drone Shakti’ program will continue to strengthen the sector further making it at least a $5B market in India available primarily for domestic companies. This will enable further innovation in the sector and fuel growth with further adoption of drone tech and ‘drone-as-a-service’. The opportunities, emphasis, and support being provided to this emerging sector will help drone start-ups extend their portfolio across agriculture, digitization of land records, railways, mining, renewable energy, telecom, etc., and will lead to a paradigm shift for a new Digital India.”
