31st January 2025, Chennai – Garuda Aerospace, India’s leading drone manufacturer and a prominent member of the Bharat Drone Association, has announced a significant investment of Rs. 100 crore for the development of Andhra Pradesh as India’s first ‘Drone City’. The announcement came during a strategic meeting with the Minister of Civil Aviation, Shri Rama Mohan Naidu Ji. This ambitious project aims to foster drone innovation, research, and development in India, transforming the nation into a global hub for drone technology.

During the meeting, Garuda Aerospace’s CEO discussed the company’s alignment with ‘Viksit Bharat Sankalp Yatra’ and its significance in national development, the company’s ongoing contributions towards ‘Namo Drone Didi’ initiative, that empowers rural women through drone technology. The conversation also discussed, Garuda Aerospace’s rapid expansion across India and global markets demonstrating the company’s commitment in making India a global drone hub. He shared Garuda Aerospace’s strong progress in the agriculture industry and the company’s partnerships with leading global players.

“This investment signifies our unwavering commitment to revolutionising the drone industry in India and globally,” said Agnishwar Jayaprakash, Founder & CEO of Garuda Aerospace. “We envision the Drone City as a hub for drone innovation, fostering cutting-edge research, attracting top talent, and propelling India to the forefront of drone technology. This investment aligns perfectly with our vision of expanding our global footprint, pursuing an IPO, and continuing to develop innovative drone solutions that address critical societal challenges.”

Garuda Aerospace is a proud recipient of six DGCA approvals that include Type Certification and RPTO approvals. These validate the company’s technical expertise and commitment to regulatory compliance, essential for responsible drone development and deployment.