New Delhi: The two biggest Indian conglomerates, the Ambani and Adani Groups, have joined the race to become the number one in civilian drone sector.
According to a report published in The Times of India, the two business groups have expressed their desire in expanding business into the civilian drone field.
The two corporations have significant presence in the defence drone making sector, while the civilian sphere is still left to be touched. In Delhi’s drone festival last week, the executives of these two companies spoke about expanding their business in the civilian drone space.
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According to the report, Nihar Vartak, co-founder and director, Asteria Aerospace, which is also a subsidiary Jio Platform, said, “We will be expanding in all spheres like original equipment manufacturer (OEM), services, and analytics using Cloud-based platforms. We aim to be the biggest OEM in India. As of now, we have one manufacturing hub in Bengaluru and will soon have maintenance hubs across India.”
Ashok Wadhawan, who heads Adani Defence and Aerospace, told the newspaper, “We are promoting startups in the sector. We will soon start manufacturing a logistics drone capable of carrying a payload of up to 120 kg, and then come up with drones for other payloads. The group is looking at agriculture drones and want to be the market leader.”
Adani Defence and Technologies on Friday announced that it will acquire around 50 per cent stake in General Aeronautics, a Bengaluru-based firm, which deals with commercial drone making.
On the other hand, Reliance Group’s Asteria Aerospace is a complete technological firm which deals with drone making. Besides, defence sector, it is associated with companies in agriculture, oil and gas, energy, telecom, mining, and construction sectors.