Drones To Fly Higher In Indian Skies3 min read
Drones or Unmanned Aircraft Systems (UAS) have been in the talks for it’s usage in various sectors such as commercial, industrial, agriculture, defense, and other sectors.
Well, it’s a piece of good news for all…
The Indian Government has laid out a more liberalized policy for the usage of drones which would open up doors for innovation in the segment. This policy may make drone operations easier for civilian drone operators.
As per media reports, Minister for Civil Aviation, Jyotiraditya Scindia said with these norms in place cities could soon witness the running of air taxis.
The officials in the Ministry of Civil Aviation said that these would ensure ease of using unmanned aerial vehicles (UAVs) as several of the regulations have been done away with.
News reports said that Scindia, while briefing media on the issue, said the new rules aimed at simplifying procedures and reducing the compliance burden for drone operation. “We are all set to usher in a new era of drone usage in India… Our aim is to make India a global drone hub by 2030,” he said.
Let’s Look At The New Policy
The Government will offer two types of licenses – Student Remote Pilot Licence and Remote Pilot Licence for which the minimum age to apply for both student and remote pilot licenses is 18 years and the maximum age at which you can obtain a license is 65 years.
A student license is valid for a period of five years and can be renewed only for an additional period of 2 years. The applicant should have passed Class 10 or its equivalent examination from a recognized Board.
In the case of a remote pilot license, it is valid for 10 years and can be renewed for another 10 years with each renewal application.
Under India’s new drone rules, you do not require security clearance to operate and fly mini drones and nano drones in the air.
Nano drones that are less than 250 gm are exempted from obtaining any license. In addition, no remote pilot license is required for micro drones for non-commercial use. However, one needs to ensure that you do not fly it beyond 50 ft (15m) AGL.
The new maximum penalty for drone-related non-conformity stands at Rs 1,00,000 in India.
What does the stock market have to say..
As per analysts, Zen Technologies and DCM Shriram Industries are reportedly working in the drone business therefore, the share of these companies were buzzing.
Heavy lift logistics drones (HLLDs) from Zen Technologies reportedly offer advanced capabilities to fulfil the role of providing reliable logistics support in typically challenging environments and even in combat situations.
Meanwhile, DCM Shriram recently signed an agreement with Turkish UAV manufacturer and drone maker Zyrone Dynamics.
“As per the agreement, the company would subscribe to 30% of the capital of the foreign company comprising of 25715 shares at a total investment of just over USD 1.05 million in five tranches over a period of about a year, subject to necessary approval with regard to foreign investment under FEMA Regulations,” it said in an exchange filing on August 17.
Fundamental and Technical Dose
Source – Market Data & Annual Reports
Disclaimer – This content is purely for informational purpose and in no way advice or a recommendation.