Buoyed by the exponential growth potential of the Drone Industry, leading Kisan Drone (Agricultural Drone) manufacturer IoTechWorld Avigation Private Limited said on September 28th that it aims for 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 aiming to capture the lions’ share in the Kisan Drone market, which is likely to be Rs 5000 crore by 2025-26.
To fund its growth ambitions, India's First Type Certified Drone manufacturer is in advanced talks with investors to raise funds, which will be utilized for expansion. Last year, the company raised around Rs 30 crore from leading agrochemical company Dhanuka Agritech. The company has been selected for the Production Linked Incentive (PLI) Scheme for Drone & Drone components.
IoTechWorld Avigation’s flagship drone ‘AGRIBOT’ is a multi-purpose Kisan drone supporting spraying, granule broadcasting, and crop health monitoring.
Commenting upon the robust growth plan, Deepak Bhardwaj & Anoop Upadhyay, Co-founder, IoTechWorld Avigation explained the Major initiatives of IoTechWorld Avigation Pvt. Ltd.:
-
The company is working to indigenize all components within 1-2 years. The company is selected under the Product Linked Incentive (PLI) scheme of the Government of India.
-
The company has conducted many campaigns and a Drone Yatra of 15000 KM across India for educating farmers on the benefits of drones in Agriculture.
-
To increase employment, IoTechWorld Avigation is developing village-level entrepreneurs and service partners.
-
The company has its own centers in 12 States which is helping farmers. A new entrepreneur is able to avail of finance (loans) benefits under Agri Infra Fund
-
IoTechWorld has launched our DRASS model mobile app which is helping new entrepreneurs in getting business and small and marginal farmers in availing drawing services
-
The company has launched the Bike back Drone model and new Lithium-Ion batteries to reduce the cost of operating drones and increase the mobility of drone
-
The company is opening RPTO (Remote Pilot Training Organisation) with different state governments. This will offer a pilot license course at a very low cost.
-
Many KVKs, ICAR institutes, and State Agri universities have procured drones from us and now we are enabling them so that they can give a demonstration and can educate the local farmers.
-
It is working with almost all major plant protection chemical manufacturing companies and working to increase the bioefficacy of all plant protection chemicals every day.
-
Multi-lingual (Hindi, Punjabi, Telugu, Marathi, Tamil, Kannad, etc.) based user interface for ease of use by Farmer friends.
-
Subsidy ranging from 40-100% is being provided by the Government for faster adoption of Kisan Drones. IoTechWorld Avigation is impaneled with various state Governments like Madhya Pradesh etc.
“The growth opportunity is humungous and IoTechWorld Avigation for its pioneering efforts and vision is likely to gain major of the Kisan Drone market,” the Founders added.
As per a recent report by FICCI–EY, the drone market is likely to become $30 billion by 2030. The agriculture Drone market is estimated to contribute around 30% of the overall drone market.
