Latest news with #AadharBansal
Time of India
3 days ago
- Business
- Time of India
Drone industry growth outlook: India's manufacturing potential may hit $23 billion by 2030; Defence and agri sectors seen as key drivers, says Nexgen report
India's drone industry could help unlock up to $23 billion in manufacturing potential by 2030, driven by fast-growing demand from sectors such as defence, agriculture, logistics and infrastructure, according to a new report released by Nexgen Exhibitions. The report, based on a survey of 150 drone companies across 15 Indian cities, highlights a sharp rise in drone adoption following India's Operation Sindoor , which marked a turning point in the country's strategic use of drones in counter-terror operations, PTI reported. 'Drones are now central to modern warfare, and India's rapid deployment during Operation Sindoor signals a new era,' the Nexgen report noted. Agriculture, defence lead the demand surge While defence remains a key driver of demand, 40% of companies surveyed said the agriculture and precision farming segment is expected to become the biggest consumer of drones in India by 2030. The report noted that the global agricultural drone market is projected to touch $5.89 billion by the end of the decade. Nexgen's Director Aadhar Bansal said indigenous drone adoption could significantly boost the government's Make in India push. 'The world has seen the impact of drones during Operation Sindoor. Indigenous drones will empower national prosperity across sectors,' Bansal said in a statement, quoted PTI. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 2025 Top Trending local enterprise accounting software [Click Here] Esseps Learn More Undo To accelerate this momentum, Delhi will host the Drone International Expo 2025 from July 31 to August 1, organised by Nexgen. The event will feature over 50 domestic and international drone manufacturers and exhibitors from six countries, including Russia, Taiwan, Canada, Ukraine, and India. The survey also found that 20% of drone companies believe drone technology will transform rural India over the next five years, especially through smart agriculture. Another 15% of respondents flagged logistics and infrastructure as critical growth areas for drones. Besides enabling precision farming, drones are increasingly being used in agriculture for monitoring crop health, surveillance against theft, and wildlife intrusion prevention, the report added. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
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Business Standard
3 days ago
- Business
- Business Standard
Drone can boost India's manufacturing potential to $23 bn by 2030: Report
Buoyed by rising demand from sectors like defence, agriculture, logistics, and infrastructure, the drone industry is expected to boost the country's manufacturing potential to $23 billion by 2030, says a report. As drones emerge as a key component of modern warfare strategies, India's Operation Sindoor in the wake of the Pahalgam terror attack has marked a notable shift in the country's adoption of drones, the report by Nexgen said. The report, based on a survey of 150 companies from 15 cities, revealed that 40 per cent of drone companies believe that agriculture and precision farming are anticipated to drive the largest demand for drones in India by 2030, following the defence sector. Estimates suggest the global agricultural drones market size will reach $5.89 billion by 2030. In its endeavour to further support this momentum, Delhi is hosting the largest Drone International Expo 2025, scheduled for July 31 to August 1, 2025. Organised by Nexgen Exhibitions, the Drone International Expo 2025 is showcasing the latest innovations from over 6 countries, including Russia, Taiwan, Canada, Ukraine, and India. Over 50 national and international Drone manufacturers are showcasing their product innovations at the expo. Aadhar Bansal, Director, Nexgen Exhibitions, said in the statement, "The entire world has witnessed the impressive capabilities of drones during Operation Sindoor. I firmly believe that adopting indigenous drones will strengthen the Make in India initiative and contribute to national prosperity across multiple sectors." Drones are also benefiting the agricultural sector by providing surveillance against crop theft and wildlife intrusion. About 20 per cent of the respondents believe that drones will create a boom in rural India in the next five years by enhancing smart agriculture in the region. About 15 per cent of the respondents believe that the logistics and infrastructure sector is also contributing immensely to this shift.
Time of India
3 days ago
- Business
- Time of India
Drone can boost India's manufacturing potential to USD 23 bn by 2030: Report
Buoyed by rising demand from sectors like defence , agriculture , logistics , and infrastructure , the drone industry is expected to boost the country's manufacturing potential to USD 23 billion by 2030, says a report. As drones emerge as a key component of modern warfare strategies, India's Operation Sindoor in the wake of the Pahalgam terror attack has marked a notable shift in the country's adoption of drones, the report by Nexgen said. The report, based on a survey of 150 companies from 15 cities, revealed that 40 per cent of drone companies believe that agriculture and precision farming are anticipated to drive the largest demand for drones in India by 2030, following the defence sector. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Undo Estimates suggest the global agricultural drones market size will reach USD 5.89 billion by 2030. In its endeavour to further support this momentum, Delhi is hosting the largest Drone International Expo 2025 , scheduled for July 31 to August 1, 2025. Live Events Organised by Nexgen Exhibitions, the Drone International Expo 2025 is showcasing the latest innovations from over 6 countries, including Russia, Taiwan, Canada, Ukraine, and India. Over 50 national and international Drone manufacturers are showcasing their product innovations at the expo. Aadhar Bansal, Director, Nexgen Exhibitions, said in the statement, "The entire world has witnessed the impressive capabilities of drones during Operation Sindoor. I firmly believe that adopting indigenous drones will strengthen the Make in India initiative and contribute to national prosperity across multiple sectors." Drones are also benefiting the agricultural sector by providing surveillance against crop theft and wildlife intrusion. About 20 per cent of the respondents believe that drones will create a boom in rural India in the next five years by enhancing smart agriculture in the region. About 15 per cent of the respondents believe that the logistics and infrastructure sector is also contributing immensely to this shift.
