Sunday, October 23, 2022

Drones can help create $100-bn GDP boost, millions of jobs in India: Report

Drones can help Indian livelihoods take a quantum leap, aided by an indigenous supply chain, military-civil convergence, robust skilling and digital financing mechanisms. "Arguably, aviation is one of the most regulated sectors globally. India's bold and measured approach to spur unmanned aviation has been celebrated across a wide spectrum of stakeholders. To make the most of this regulatory landscape, drones must be part of the core agri-equipment repertoire alongside tractors, cultivators, ploughs, diggers and combine harvesters to fortify our farms," said Vignesh Santhanam, Project Lead, Aerospace and Drones, India, World Economic Forum.

"The cross-industry application of drones is nearly limitless and continues to make great strides. It offers countries like ours the opportunity to leapfrog generations of infrastructure, healthcare, logistics, agriculture and defence advancements and break several process barriers. When combined with next-generation imaging technologies, edge-based artificial intelligence and machine learning capabilities, the possibilities are endless. We have always believed that the most meaningful revolutions happen at the intersection of various domains – between military and civil, between drones and AI and between physical and digital. India has taken a lead to establish several forward-looking policies under the guidance of the Prime Minister to make India the drone hub of the world by 2030," said Ashish Rajvanshi, CEO, Adani Defence.

Different studies have highlighted the immense potential in improving agricultural outcomes for farms through precision agriculture expertise and advisory that can enable a 15 per cent increase in productivity in India's $600 billion agriculture sector. Drones can play a critical role in unlocking this value as they provide an effective medium to collect data and apply inputs, directly impacting yields and farmers' income. Scaling drones in agriculture sector will also boost farm mechanization and nudge India closer to global peers.

23/10/22 Vincent Fernandes/BizzBuzz

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