IOTECHWORLD AVIGATION
Drone startup UrbanMatrix Technologies raises Rs 6 crore in funding
The funds will be allocated towards product development, team expansion and expanding into new markets, the company said in a statement.
G20 declaration should spur govt to give big push to MSMEs: Experts
The G20 Declaration said it acknowledges challenges MSMEs, specifically in developing countries, face. These challenges are mostly in terms of access to information. The G20 also recognised startups, MSMEs as natural growth engines.
Agri-drone maker IoTechWorld secures contract from IFFCO to supply 500 drones
Indian Farmers Fertilizer Cooperative Limited (IFFCO) plans to procure 2,500 drones for spraying its products nano urea and nano DAP (Diammonium Phosphate).
Drone maker InsideFPV raises Rs 2.75 cr as seed funding to grow biz
"While drones are majorly used in commercial, military and agricultural applications, they are an expensive device to own. InsideFPV, with its innovative technology, aims to bridge this gap by offering one of its kind Plug and Fly FPV (First Person View) feature-rich drones to the consumers at an affordable price point," the company said.
IFFCO to procure 2,500 agri-drones; launches campaign to train 5k rural entrepreneurs to promote use of nano fertilisers
Indian cooperative IFFCO is launching a national campaign to promote the use of nano fertilisers, with plans to procure 2,500 agri-drones and train 5,000 rural entrepreneurs. The drones will be used to spray IFFCO's nano urea and nano di-ammonium phosphate products. The cooperative will also purchase 2,500 electric three-wheelers to transport the drones to farmers' fields. The campaign will also train rural entrepreneurs to use the drones for spraying nano fertilisers.
IoTechWorld to operationalise 7 drone pilot training organisations in 5 states by July
Drone manufacturer IoTechWorld Avigation has announced the opening of seven remote pilot training organisations across five Indian states. Capable of training up to 360 budding drone pilots, the facilities will become operational between May and July 2021. IoTechWorld has already collaborated with universities and other institutions to establish the organisations.
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Dhanuka Group looking to invests in more agri startups; urges govt to crackdown on sales of spurious pesticides
"We have made investments in two startups. There are many young entrepreneurs who have great products and technologies. We are ready to support," Dhanuka Group Chairman R G Agarwal told reporters here. He said the company would invest in more such startups if it finds right opportunity.
IoTechWorld Avigation aims to sell 3,000 agri drones this fiscal, explore export market
Startup IoTechWorld, which was founded in 2017 by Deepak Bhardwaj and Anoop Upadhyay, has a manufacturing facility in Gurugram. It sells agri drones at about Rs 7.5 lakh plus GST.
FTP 2023 pragmatic, to increase country's share in global trade, says India Inc
On the measures for the apparel and clothing sector, Chairman of Confederation of Indian Textile Industry, T Rajkumar said the extension of the Special Advance Authorisation scheme to the sector on a self-declaration basis was a long-awaited facilitation measure and will surely facilitate prompt execution of export orders. Additionally, the new amnesty scheme offering a one-time settlement of default in export obligation by Advance Authorisation and EPCG authorisation holders for a limited period will prove to be extremely beneficial for the domestic textile and apparel industry, he added.
Government should hike assistance under PM-KISAN, give tax sops for agritech startups: Industry
Edible oil industry body SEA has demanded that a national mission should be launched to increase oilseeds production and reduce imports of cooking oils.
Aviation ministry releases second provisional list of 23 beneficiaries under the PLI scheme for drones
The Ministry of Civil Aviation (MoCA) has released the second provisional list of 23 beneficiaries under the Production-Linked Incentive (PLI) Scheme for drone and drone components.
Government releases list of 23 beneficiaries under PLI scheme for drones
The combined annual sales turnover of the shortlisted companies has increased from Rs 88 crore in FY 2020-21 to Rs 319 crore (unaudited) in FY 2021-22. The eligibility criteria for the PLI scheme for drones and drone components include an annual sales turnover of Rs 2 crore for drone companies and Rs 50 lakh for drone components manufacturers; and value addition of over 40 per cent of sales turnover.
Government working on fast-tracking drone adoption in farm sector: Official
"The Directorate General of Civil Aviation (DGCA), the agriculture ministry and CIB&RC are working jointly to fast track applications and adoption of drones in the agriculture sector, including crop health monitoring and spraying of soil nutrients," Prakash having said at the roundtable discussion, according to a statement.
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