Chennai-based Garuda Aerospace, a drone manufacturer, has announced an investment of ₹100 crore for the development of Andhra Pradesh as India’s first ‘Drone City’. The announcement came during a meeting with the Minister of Civil Aviation, Rama Mohan Naidu, says a company release.
The project aims to foster drone innovation, research, and development , transforming the nation into a global hub for drone technology.
The investment signifies our unwavering commitment to revolutionising the drone industry in India and globally,” said Agnishwar Jayaprakash, Founder & CEO of Garuda Aerospace. “This investment aligns with our vision of expanding our global footprint, pursuing an IPO, and continuing to develop innovative drone solutions that address critical societal challenges,” he said in the release.