Drones with a range of up to 25 km can be exported without license, manufacturing will get a boost
Government changes drone export rules: drones with a range of up to 25 km can be exported without a license, manufacturing will get a boost
To promote drone manufacturing in the country, the government has changed the export rules for drones used by civilians. Civil Aviation Minister Jyotiraditya Scindia tweeted, "While promoting drone manufacturing in India, export restrictions on drones for civilian use are being relaxed."
This means that it will no longer be included in the list of 'Special Chemical Organisms Material and Technology'. This is a big step towards PM Modi's mission of making India a drone manufacturing hub by 2030. My congratulations to the industry
Drones traveling 25 kilometers or less will be able to be easily exported
The Director General of Foreign Trade (DGFT) informed that the export of drones and unmanned aerial vehicles (UAVs) with certain specifications for civilian use has been approved under the 'General Authority for Drone Exports' (GAED).
In this, drones or UAVs with a range of 25 kilometers or less and a carrying capacity of less than 25 kg will be exempted.
After this exemption, the SCOMET license will no longer be required to export drones of this category. Smit Shah, President of Apex Industries Association Drone Federation of India (DFI), welcomed the government's move.
He said, 'Drone manufacturers needed permissions and licenses every time they got an export order. With the relaxation of rules, the export of civilian drones will become much easier.
Agnishwar Jayaprakash, Founder and CEO of Garuda Aerospace, said, "This will help us not only in dispatching our orders but also in achieving our target of exporting 10,000 drones to 100 countries across the world."
In fact, Garuda has raised $22 million in funding, the highest ever for a drone startup. Along with this, they have received bulk orders from many countries including Malaysia, UAE, and Panama.
This news has come at a time when IdeaForge Technology, the country's oldest and largest drone maker company, is going to be listed in the stock market. The company's IPO can benefit from this news of the change in export rules. IdeaForge's IPO is opening on June 26, its shares will be listed on July 7 on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
