DRONE POLICY INDIA
Narendra Modi pays tribute to Mahatma Gandhi at Rajghat ahead of swearing-in as PM
Around 1,100 traffic police personnel of the Delhi Police have been deployed and an advisory has been issued to the public for the traffic movement route arrangements have been made for the delegates as part of the arrangements for Prime Minister-designate Narendra Modi's oath ceremony on Sunday.
India's helicopters being flown with Maldives defence personnel onboard: media report
Weeks after India withdrew its military personnel from the Maldives, the two helicopters gifted by New Delhi are still operational, flown with a Maldives National Defence Force (MNDF) soldier on board. President Mohamed Muizzu, who pledged to remove Indian military presence, saw the repatriation of the last personnel by May 10. India replaced its military staff with civilians to continue operating the donated helicopters and Dornier aircraft, used for medical evacuations and humanitarian missions, maintaining defense ties despite local political changes.
How China rose to lead the world in cars and solar panels
Heavy subsidies for industry, together with weak sales in China, have set the stage for an export boom, raising fears of factory job losses elsewhere
Govt needs to further expand PLI scheme to make India 'Global Drone Hub': Report
As per the Ministry of Civil Aviation projections, the Indian drone manufacturing industry is expected to reach Rs 900 crore by 2025 from just Rs 60 crore in 2020-21, according to a study conducted by Nexgen Exhibitions. It also noted that the Indian drone market is expected to grow at 22.15 per cent CAGR (compounded annual growth rate) during the 2024-30 period.
Iran President Raisi dead: How it may impact the region including Israel, oil prices, gold, and stock markets
The death of Iranian President Raisi in a helicopter crash is poised to have significant repercussions, given Iran's longstanding conflicts and alliances in the Middle East. The incident comes amidst escalating tensions between Iran and Israel, raising concerns about regional stability and Iran's nuclear ambitions.
How China rose to lead the world in cars and solar panels
Top leaders in the United States and Europe have started urging China to reduce its exports to the world and boost its imports.
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States & online gaming regulations; banks tap startups to foil frauds
Happy Monday! In the absence of central government’s self-regulatory mechanisms, states are framing laws for online real money gaming. This and more in today's ETtech Morning Dispatch.
Geospatial policy will transform various sectors just like UPI did: Crayon Data Co-founder Srikant Sastri
Sastri said that the geospatial policy has liberalised the sector and enabled access and usage of geospatial data across industries and entities.
India not to tailor policy for Tesla, all global EV makers welcome in India: Piyush Goyal
India is attracting EV players amid Beijing-Washington tensions. The government rolled out production-linked incentives for advanced chemistry cells and components. The UK seeks customs duty concessions on EV exports to India. The Economic Survey 2022-23 estimates India's EV market will create five crore jobs by 2030. Tata Motors is a leading player in passenger EVs.
Our policy of 'nation first' helped manage oil prices despite global conflicts: Hardeep Puri
The Union Minister for Petroleum and Natural Gas said 85 per cent of India's crude requirements are met by imports, with the price of crude in the international market being the benchmark.
MQ9 B drone sales to India enters next step as Congressional notification completes 30 days
The sale of 31 MQ9-B SkyGuardian Drones to India is expected to be fast-tracked without objection from lawmakers. The proposed deal includes technology and equipment and was announced by US President Joe Biden during Prime Minister Narendra Modi's visit.
Newspace raises $52 mn, the largest equity raise for an Indian defence startup
Newspace Research & Technologies (NRT), a leading drone manufacturer in India's defence sector, has secured $52 million in a bridge round, marking a significant equity raise. The funding includes $33 million in equity from prominent investors and $19 million in debt facilities from SBI’s startup hub and SIDBI. NRT, specializing in swarm drone technology, collaborates with the Ministry of Defence and aims for global expansion, having demonstrated swarm drone operations in Japan.
What will it take for India's drone industry to fly higher?
India aims to be a major global hub for drones by 2030, boosting GDP by 1-1.5% and creating jobs. The industry has requested expansion of the PLI scheme, which benefits startups and MSMEs. The drone industry faces challenges such as the lack of a component ecosystem, talent pool, and testing facilities.
In defence of everything
The Americans have proposed, once again, joint production of the Javelin anti-tank missile, an offer first made in 2013. But things got stuck over tech transfer and pricing. Let's see what happens this time. Incidentally, Army chief Manoj Pande is currently on a visit to explore 'new avenues and opportunities'. It's the first trip by an army chief since 2019, a gap US officials were keen to bridge. Besides meeting his counterpart Randy George, Pande will travel to San Francisco and Seattle and meet US Army Special Forces and Stryker units.
Armed with missiles and bombs, MQ9-B drones to bolster India's surveillance capability
The MQ-9B SkyGuardian aircraft, set to be sold to India by the US, will come equipped with advanced surveillance capabilities along with lethal attack weaponry such as Hellfire missiles and laser-guided small diameter bombs. The Biden Administration transmitted details of this proposed sale to the US Congress through a letter from the Defense Security Cooperation Agency (DSCA) last week.
TechEagle partners with 10 AIIMS for fast medicine delivery via drones
Drone logistics company TechEagle on Monday said it has entered into collaborations with 10 AIIMS for the fast delivery of medicines. "TechEagle's nationwide impact is underscored by...collaborations with 10 AIIMS & INI's hospitals, swiftly implementing drone services and setting new range and speed records," the company said in a statement.
Over 1200 stakeholders from 14 PLI schemes to discuss scheme progress tomorrow
Over 1,200 stakeholders, including government officials and industry players, will discuss the progress of 14 Production Linked Incentive (PLI) schemes. The meeting aims to set higher standards of achievement and facilitate effective implementation of the PLI schemes. The schemes, announced in 2021, cover sectors such as telecommunications, white goods, textiles, medical devices, automobiles, and more.
US approves sale of 31 Predator drones to India
India and the US are in ongoing negotiations for a $3 billion deal involving the supply of 31 MQ-9B Predator drones to the Indian armed forces. The US Congress is expected to favorably consider the deal, with the Biden administration likely to notify Congress soon. The deal, announced during Prime Minister Narendra Modi's visit to Washington in June 2023, is aimed at enhancing India's surveillance capabilities, particularly along the Line of Actual Control with China. The drones can stay airborne for over 35 hours and carry missiles and bombs. The cost is estimated to be around $3 billion.
MQ-9B drone deal: Biden administration notifies US Congress on proposed sale to India
People familiar with the matter said the Congressional notification process started on Thursday and a letter of approval will be sent to India after around 30 days following the approval to the procurement by the Congress.
DGFT working with MEA, customs, industry to ease export norms for some dual-use goods
The government is working to ease export norms for certain products with dual-use, such as chemicals, for companies with a proven track record. The Director General of Foreign Trade (DGFT) emphasised the sensitivity of dual-use goods and technologies, which can cause disruptions if misused. These goods include high tech equipment, chemicals, biotechnology, defense, aerospace, electronics, telecommunications, and information security.
Budget 2024: Space industry seeks liberal FDI policy, PLI scheme in Union Budget
Interim Budget: India's space sector seeks liberal FDI policy, production-linked incentive, and GST exemption. They also want lower tax rates, reduced withholding tax, and a comprehensive regulatory framework. The industry body, ISpA, demands PLI for space manufacturing and components. They urge the government to procure and adopt space tech solutions and provide reasonable spectrum usage charges. Satellite operators should have depreciation and capital subsidy for infrastructure investments. IN-SPACe projects the space economy to reach USD 44 billion by 2033.
India to increase warship deployment to counter piracy in Arabian Sea
India is set to significantly boost its anti-piracy efforts in the Arabian Sea, increasing warships fivefold to counter rising threats. Following recent incidents, a dozen warships, each equipped with marine commandos, helicopters, and US-made drones, will patrol the region.
Transforming the last mile: New delivery models, technology strengthen logistics in India
The year 2023 witnessed a quantum leap in the speed and customer experience realm, as same day and next day delivery models took centre stage, especially for Direct-to-Consumer (D2C) commerce companies.
23 going on 24: Making sense of a chaotic yet colourful year for India's tech sector
From 15.4 billion downloaded games to 138.08 crore people covered by Aadhar, India's tech sector had an eventful 2023. ET takes a look at the top 23 moments from 2023.
Drone scheme for women SHGs in agriculture will boost industry, executives say
The government announced on Wednesday it has approved an outlay of Rs 1,261 crore for the period from 2024-25 to 2025-26 for the scheme.
Will never give company-specific incentives in EV sector, govt official on Tesla's demand
There are reports that India is looking at giving customs duty concessions to Tesla for setting up a plant in the country. In September, Goyal said the company is looking to source components worth around USD 1.9 billion from India this year against USD 1 billion in 2022.
Going public: How Ranbir Kapoor and Aamir Khan-backed DroneAcharya made a stellar SME IPO debut
DroneAcharya share sale saw overwhelming interest from retail and HNI segments. For founder Prateek Srivastava, it was a validation of a strategy being successful and giving the company the visibility to grow further.
Joe Biden welcomes India's request to purchase 31 drones
US President Joe Biden has welcomed India's request to purchase 31 drones from the US to enhance its defence capabilities. The meeting between Biden and Indian Prime Minister Narendra Modi resulted in a joint statement highlighting the purchase of General Atomics MQ-9B remotely piloted aircraft and the commencement of negotiations for a commercial agreement between GE Aerospace and Hindustan Aeronautical Limited for jet engine manufacturing in India.
Top drone companies in India
India’s drone industry is expanding fast, boosted by government initiatives such as Drone Rules 2021, PLI scheme and Drone Shakti. Here's a look at the country’s top dronemakers.
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