• Send Us A Tip
  • Calling all Tech Writers
  • Advertise
Saturday, June 21, 2025
  • Login
  • Register
TechStory
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
TechStory
No Result
View All Result
Home India News

Union Budget 2022: Big push for drone industry with the announcement of Drone Shakti

by Balraj
February 2, 2022
in India News, Startups, Tech
Reading Time: 2 mins read
0
Agriculture drone fly to sprayed fertilizer on the rice fields

Representative image | Image Courtesy: Witthaya Prasongsin

TwitterWhatsappLinkedin

Finance Minister Nirmala Sitharaman announced the Union Budget 2022-23 on February 1. Drones were mentioned four times in the Finance Minister’s Budget speech. Since last year, the sector has been in the headlines, with the liberalized Drone Rules 2021 and the PLI scheme acting as catalysts.

You might also like

Apple in Early Talks to Acquire Perplexity AI, Its Largest Deal Yet

Eutelsat’s Shares Skyrocket as France Leads €1.35 Billion Investment in Satellite Future

Decade-Old Torrent Site Lands Greek Man in Prison Amid Renewed Piracy Crackdown

Agriculture drone fly to sprayed fertilizer on the rice fields
Representative image | Image Courtesy: Witthaya Prasongsin

She pushed for the use of “Drone Shakti” in a wide range of applications, noting that Drone-As-A-Service (DrAAS) startups were the way to go. In her Budget speech, Sitharaman also mentioned that the use of ‘Kisan drones’ for crop assessment, digitalization of land records, and insecticide & nutrient spraying will be fostered. She further noted the tremendous potential of Geospatial Systems and Drones, claiming that the sector has the opportunity to contribute to sustainable development, create employment opportunities, as well as modernize the country.

FM Sitharaman, in her speech, also announced that certain Industrial Training Institutes (ITIs) would provide students with drone industry-related training. This comes years of bureaucratic roadblocks that have effectively strangled competition in the industry. Over the years, the government has emphasized security concerns as a basis for delaying the use of this cutting-edge technology.

However, as time has gone, the government has relaxed its stance and introduced a slew of guidelines to encourage the use of drones. This all started in August of last year, with the announcement of The Unmanned Aircraft System Rules (UAS), 2021. The new rules provoked a mixed reaction. While the strict approval guidelines made getting drone permits more difficult, this did not prevent drone attacks in Jammu & Kashmir among other border regions of the country.

In addition, the UAS Rules, 2021 disappointed delivery startups who expected fewer regulatory norms in the rules to make deliveries using unmanned drones. With a few exceptions, the rules prohibited drones from carrying any payload. This literally illustrates the end of drone-based delivery in India.

The country encounters strong competition from major players such as the United States, China, and Israel. According to a July 2021 report by BIS Research, the global drone industry is expected to reach $28.47 billion in the fiscal year 2021-22, with India accounting for just a 4.25 percent share.

The government’s outlook toward the industry appears to be shifting. This was represented in FM Sitharaman’s speech, in which the word “drone” was only spoken four times. While this is a promising start, the Centre must do much more to safeguard the flow of funds into this growing industry, whether by regulation or by introducing sector safeguards. Otherwise, the industry will remain behind, as it already is.

Tags: Drone RulesDrone TechnologyNirmala Sitharamanunion budgetUnion Budget of India
Tweet54SendShare15
Previous Post

Microsoft Says That If Apple Isn’t Stopped Now, Its Antitrust Behavior Will Just Get Worse

Next Post

How to Buy Shiba Inu coin with Credit card

Balraj

Balraj writes about Startup, Business, Technology related news on Techstory... For Business Enquires related to TechStory; Get in touch on: [email protected]...

Recommended For You

Apple in Early Talks to Acquire Perplexity AI, Its Largest Deal Yet

by Thomas Babychan
June 21, 2025
0
Apple in Early Talks to Acquire Perplexity AI, Its Largest Deal Yet

In recent weeks, Apple has been engaged in private discussions about a potential acquisition of the AI search startup Perplexity, according to sources familiar with the matter. These...

Read more

Eutelsat’s Shares Skyrocket as France Leads €1.35 Billion Investment in Satellite Future

by Harikrishnan A
June 21, 2025
0
Eutelsat’s Shares Skyrocket as France Leads €1.35 Billion Investment in Satellite Future

Eutelsat, the European satellite company, made headlines this week as its stock surged an impressive 31% on Friday. The rally came right after the company announced it had...

Read more

Decade-Old Torrent Site Lands Greek Man in Prison Amid Renewed Piracy Crackdown

by Harikrishnan A
June 21, 2025
0
Decade-Old Torrent Site Lands Greek Man in Prison Amid Renewed Piracy Crackdown

In a courtroom in Piraeus, Greece, silence quickly turned to shock when three police officers stepped forward, handcuffed a 59-year-old man, and led him away. Moments earlier, the...

Read more
Next Post
How to Buy Shiba Inu coin with Credit card

How to Buy Shiba Inu coin with Credit card

Please login to join discussion

Techstory

Tech and Business News from around the world. Follow along for latest in the world of Tech, AI, Crypto, EVs, Business Personalities and more.
reach us at [email protected]

Advertise With Us

Reach out at - [email protected]

BROWSE BY TAG

#Crypto #howto 2024 acquisition AI amazon Apple bitcoin Business China cryptocurrency e-commerce electric vehicles Elon Musk Ethereum facebook flipkart funding Gaming Google India Instagram Investment ios iPhone IPO Market Markets Meta Microsoft News NFT samsung Social Media SpaceX startup startups tech technology Tesla TikTok trend trending twitter US

© 2024 Techstory.in

No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to

© 2024 Techstory.in

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?