Strong action plan needed to make India global hub for drone manufacturing by 2030: Report

New Delhi, Sept 7 (KNN) There is a need for innovative, competitive manufacturing capabilities and strong action plan to help India become a global hub for drone manufacturing by 2030, EY-FICCI report stated.

The report indicates that the drone and its component industries can boost India’s manufacturing potential to approximately USD 23 billion by 2030.

“Generating strong demand, increasing manufacturing, drawing investments and facilitating exports is important for the sector and for achieving the country’s objective of becoming a global drone hub,” it said.

EY-FICCI research recommends a cooperative strategy for ministries to coordinate their efforts and assure quick advancement in addition to helping organisations and startups, reports financial express.

The reports suggests that the Ministry of Defence should set aside 5-10 percent of the defence capital budget for new drone purchases and for the upgradation of the fleet already in place (excluding MRO services).

The Indian drones industry is increasingly showing promise for use across a variety of industries, including infrastructure, retail, agriculture, homeland security and many others.

Speaking at the launch of the report, Akshya Singhal, Consulting Partner, Government and Public Sector, EY India said, “The drone value chain spans manufacturing and value-added service components, impacting a large spectrum of industries and end-users. Via our report, we recommend critical steps required to capture 25 per cent of the global drone market share through exports from India.”

“Making India a drone manufacturing power would contribute to the country’s target of a USD 5 trillion economy with a larger focus on the Make in India opportunity, and once delivered, its success will contribute to national prosperity across multiple sectors,” said Ankit Mehta, Co-chair of the FICCI Committee on drones.

The report also lay emphasis on the need to create curricula for research, development, production, and services at the IITs, the Rajiv Gandhi National Aviation University (RGNAU), and other educational institutions in order to create skill workforce.  (KNN Bureau)