Garuda Aerospace Prepares for IPO in Response to PM’s ‘Namo Drone Didi’ Initiative
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1st December 2023; National: Garuda Aerospace, a pioneering drone startup, broadcasts its strategic resolution to expedite its Initial Public Offering (IPO) plans following the visionary ‘Namo Drone Didi‘ initiative launched by the Honorable Prime Minister, Shri Narendra Modi Ji. This landmark program allocates a big sum of 1261 crores to deploy 15,000 Kisan Drones, a transfer set to revolutionize the agricultural panorama and empower rural communities, significantly ladies entrepreneurs.
Garuda Aerospace extends its heartfelt gratitude to Prime Minister Modi Ji for unveiling this transformative initiative, which not solely solidifies agriculture as the first frontier for drone know-how but additionally guarantees to ship far-reaching societal advantages. The allocation of considerable funds for Kisan Drones underscores the federal government’s unwavering dedication to fostering innovation and driving significant societal influence inside the agricultural sector.
Namo Drone Didi
At the core of the ‘Namo Drone Didi’ initiative lies a particular emphasis on empowering 15,000 ladies rural entrepreneurs, a mission that seamlessly aligns with Garuda Aerospace’s core values and ideas. The firm is deeply dedicated to coaching and equipping these entrepreneurs with Kisan Drones, with a imaginative and prescient to bolster Women Self-Help Groups over the subsequent two years. This initiative represents a big step in the direction of enhancing financial independence and empowerment amongst rural ladies, in the end contributing to the socioeconomic growth of rural areas.
The infusion of considerable authorities funding into the agriculture sector has not solely garnered nationwide consideration however has additionally piqued the curiosity of enterprise capital funds eager to assist agri-drone corporations. This strategic allocation of assets highlights the immense potential inside the agriculture sector and its capability to spur innovation.
Nammo Drone Didi Garuda Aerospace
Recognizing the transformative potential of the ‘Namo Drone Didi’ initiative, Garuda Aerospace has determined to expedite its IPO plans. The IPO proceeds will likely be instrumental in scaling up operations, intensifying analysis and growth efforts, and enhancing the corporate’s capability to serve the agricultural group extra comprehensively. Garuda Aerospace is dedicated to taking a number one position in this technological revolution, offering progressive options that handle the evolving wants of the agriculture sector.
Agnishwar Jayprakash, Founder and CEO of Garuda Aerospace, expressed nice enthusiasm for this groundbreaking initiative, stating, “Prime Minister Modi Ji’s ‘Namo Drone Didi’ initiative is a watershed second for the agriculture sector and a testomony to his unwavering dedication to empowering rural ladies entrepreneurs. We lengthen our heartfelt gratitude for the allocation of 1261 crores, which is able to undoubtedly revolutionize farming practices and improve agricultural productiveness. In response to this transformative alternative, we’re accelerating our IPO plans to increase our operations, intensify our analysis and growth efforts, and higher serve the agricultural group. We firmly imagine that ‘Namo Drone Didi’ has the potential to have a profound and lasting societal influence, and we’re excited to be an integral a part of this groundbreaking initiative.”
Garuda Aerospace applauds the ‘Namo Drone Didi’ initiative for its visionary strategy and the potential to drive optimistic change inside the agriculture sector. The firm eagerly anticipates contributing to the success of this transformative program and stays steadfast in its dedication to innovating for a sustainable future.
About Garuda Aerospace
Garuda Aerospace is India’s main Drone tech startup targeted on disrupting two main multi-billion-dollar sectors, Precision Agri Tech and Industry 4.0 upgradation. Garuda Aerospace is asset-light, recession-proof, agnostic, and focuses on eliminating laborers in the agricultural discipline with drones specializing in designing, constructing, and customization of Unmanned Aerial Vehicles (UAVs). Founded in 2015 with a workforce of 5, Garuda has scaled to 200+ member workforce having the most important drone fleet in India with over 400 drones and 500 pilots working in 84 cities. Garuda Aerospace manufactures 30 varieties of drones and gives 50 varieties of companies. Having served over 750 purchasers together with TATA, Godrej, Adani, Reliance, Swiggy, Flipkart, Delhivery, L&T, Survey of India, SAIL, NTPC, IOCL, Smart cities, Intel, Amazon, Wipro, IISC, MIT Boston, NHAI for numerous initiatives, the corporate lately partnered with international giants akin to Lockheed Martin, Cognizant and Elbit Systems. Hon’ble Prime Minister Shri Narendra Modi Ji launched the drone yatra the place 100 drones had been flagged off concurrently throughout 100 villages in India. Garuda Aerospace is the primary drone firm to get DGCA approvals for Type Certification and Remote Pilot Training Organisation. Garuda is on a mission to influence 1 billion lives positively utilizing reasonably priced precision Drone Technology. Mahendra Singh Dhoni has invested in the corporate and is the Brand Ambassador.
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