Adani Defence Systems and Technologies, a subsidiary of Adani Enterprises, signed an agreement on Friday stating its acquisition of a 50% stake in a Bangalore-based agriculture drone startup General Aeronautics. The acquisition is expected to be completed by July 31st.
In a regulatory filing, Adani explained that Adani Defence Systems and Technologies plans on upscaling its artificial intelligence/machine learning capabilities and expertise in military drones to provide end-to-end solutions to the problems concerning the domestic agriculture sector.
General Aeronautics provides commercial robotic drone-based solutions for crop protection, crop health, precision farming, and yield monitoring using artificial intelligence and analytics.
According to General Aeronautics, drone-based technologies can offer potential cost-efficient and optimal solutions to multi-faceted problem areas, including challenges related to food scarcity and health crises.
General Aeronautics’ advanced crop protection platform for sustainable precision agriculture provides a comprehensive crop protection solution that integrates optimum spray drone technology with a purpose-built execution platform.
The drone-based market in India can be expected to grow exponentially to Rs. 30,000 crore by the fiscal year 2026, mainly because of the evolving policy framework, PLI incentives, and the current ban on imports of drones.