‘Strategic focus, collaboration essential to harness drone potential’

Strategic focus and collaboration essential to harness the opportunities in the drone market, which is projected to reach $100 billion globally by 2030, said Piyush Srivastava, Senior Economic Advisor, Ministry of Civil Aviation, GoI, while addressing the gathering at Bharat Drone Manthan 2024 hosted by PHD Chamber of Commerce and Industry (PHDCCI). He also highlighted the immense potential of drone technology and India’s strategic positioning in this evolving landscape. He was invited as the Guest of Honour. Srivastava also underscored India’s favorable environment for drone innovation, citing government’s initiatives like Svamitva scheme, a pioneering land mapping project, and the government’s efforts to streamline regulations and incentivize the industry through schemes like PLI. With a clear vision to become a global drone hub, Srivastava outlined critical areas for growth, including manufacturing, design innovation, and financing, urging stakeholders to capitalize on India’s rich talent pool and collaborative spirit for transformative progress in the drone sector.