Schedule a Call Back
Andhra cabinet approves policy to boost drone manufacturing
Industry News- Nov 07,24
The government has allocated Rs 5 billion to support the policy’s implementation.
The Andhra Pradesh cabinet has approved a new policy aimed at promoting the state's drone manufacturing and services sector. The policy seeks to attract over Rs 10 billion in investments, with projections of generating Rs 30 billion in revenue from drones and its associated ecosystem.
A key focus of the policy is the establishment of 20 drone remote pilot training organisations and 50 centers of excellence across engineering colleges, industrial training institutes, and polytechnic institutions. The initiative also aims to create 100 drone-related companies involved in manufacturing, research and development, skilling, training, and services.
State Information and Public Relations Minister K Parthasarathy explained that the policy, which will be active for five years, targets creating thousands of jobs and facilitating Rs 10 billion in drone exports within that period. The government has allocated Rs 5 billion to support the policy’s implementation.
The policy is also designed to train 25,000 drone pilots, generating approximately 40,000 new jobs in the sector. Furthermore, the state is developing a 'Drone City' on 300 acres in Orvakal, Kurnool district. This first-of-its-kind hub will support drone research, development, manufacturing, and testing.
In addition to the drone policy, the cabinet approved several other initiatives, including a draft bill to prohibit land grabbing, amendments to the GST Act and the Andhra Pradesh Excise Act, and the creation of the Pithapuram Area Development Authority. The cabinet also agreed to extend the area of the Capital Region Development Authority (CRDA) of Amaravati and raised the retirement age for judicial officers to 61, effective from November 1.
(Hindustan Times)
Related Stories
Aerospace Defence
NBC Bearings and Ahamani EV Technology form JV for advanced drones in India
NBC Bearings partners Ahamani India to scale advanced drone solutions, strengthening Make in India and localisation efforts.
Read moreAerospace Defence
India’s Manufacturing Reset in an Uncertain World
Global manufacturing is being reshaped by volatility and disruption. This release outlines how India is strengthening depth, resilience and capability to emerge as a long-term manufacturing partner,..
Read moreElectrical & Electronics
Raghu Vamsi moves beyond the manufacturer-partner role: Preeti Vamsi
In this interview, Preeti Vamsi, CEO & Executive Director, Raghu Vamsi Aerospace Group shares its shift from precision manufacturing to full-system design, deep-tech investments, and its evolving ro..
Read moreRelated Products
Troop Comforts revolutionises military gear with indigenous innovations
Aerospace & Defence
Troop Comforts Ltd (TCL), a state-owned defence corporation, has recently received a request for proposal (RFP) from the Northern Command of the Indian Army for its indigenously developed military gea Read more
latest News
Subscribe to iNoW
For Industry News on WhatsApp, Give a Miss Call on: +91 84228 74016
