IIM-Bangalore identifies some of the potential roadblocks and suggests initiatives that can help the government and the industry to achieve the vision
India aims to become the global drone hub by 2030. Prime Minister Narendra Modi and Union Minister of Civil Aviation Jyotiraditya Scindia have made remarks on this vision on various occasions. The worldwide drone market size is projected to grow exponentially in the coming years (See Figure 1). The government of India expects the annual sales turnover of the Indian drone manufacturing sector to cross Rs 900 crores and the drone services sector to cross Rs 30,000 crores in the next three years. The market development is expected to generate more than 5 lakh jobs. We highlight some of the potential roadblocks and suggest initiatives that can help the government and the industry to achieve the vision.
[This article has been published with permission from IIM Bangalore. www.iimb.ac.in Views expressed are personal.]