If you are interested in technology and the stock market, this update is important for you. The Government of India has announced a ₹2,000 crore initiative to boost domestic drone manufacturing. The goal is to make India self-reliant in drone technology and strengthen the defense and security ecosystem.
Under this scheme, support will be provided to drone manufacturers, software developers, and companies working on anti-drone defence systems. This initiative is expected to create jobs and benefit drone-related stocks in the market.
Drone Initiative 2024
- Duration: 3 years
- Domestic Manufacturing Goal: By FY 2027–28, 40% of drone components will be made in India.
- Loan Support: SIDBI will provide low-interest loans to drone companies for R&D and expansion.
- Reduced Imports: Dependence on China and Turkey for drone technology will decrease.
Drone Stocks Likely to Benefit
| Company | Share Price (₹) | Market Cap (₹ Cr) | Revenue Growth (YoY) |
|---|---|---|---|
| IdeaForge Technology | 581.15 | 2,511.70 | -80.39% |
| Zen Technologies | 1,934.85 | 17,480.21 | +130.49% |
| Paras Defence & Space | 886.10 | 7,140.84 | +35% |
| Bharat Electronics (BEL) | 416.90 | 3,04,890.87 | +6.84% |
Companies like Zen Technologies, Paras Defence, and BEL are already working on military drones and anti-drone systems, making them strong contenders to benefit from this government initiative.
Future of the Drone Industry in India
The use of drones is expanding rapidly, not just in photography, but also in:
- Agriculture (crop monitoring & pesticide spraying)
- Security and surveillance
- Emergency and disaster relief
- Logistics and delivery services
With government backing, the demand for drone technology is expected to rise significantly in the coming years.
Conclusion
This initiative could strengthen India’s drone ecosystem and create new investment opportunities. If you are planning to invest in the technology or defense sector, adding drone stocks to your watchlist could be a smart move.
Note: This article is for informational purposes only. Always consult a financial advisor before making investment decisions.
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