The market and prospects of drones making deliveries just became wider, as Infosys Ltd. (NSE:INFY) a top information technology company from India, has decided to back a drone start-up firm. ideaForge is a tech start-up from the city of Mumbai (Bombay). The business was set up in 2007 by alumni’s of the Indian Institute of Technology (IIT), Rahul Singh, Ashish Bhat, and Ankit Mehta.
Infosys has now disclosed that they will be funding ideaForge and helping them in every way possible. However, the amount the start-up will receive has not been disclosed. ideaForge was also not available for comments. Infosys hopes that in the coming years, this partnership will help enhance the Indian drone market.
ideaForge Working for the Indian Army
ideaForge already has a lucrative contract with the Indian Armed Forces to develop surveillance, rescue, and crowd monitoring operations. They are presently working on producing UAVs or Compact Unmanned Aerial Vehicles. NETRA UAV, an unmanned aerial vehicle is their flagship product. The vehicle can be launched from anywhere and can reach a height of 400 meters. Covering a diameter of 8 kilometers, it can send real-time videos of vehicles, their movement, and people on the ground.
Once developed, the Indian Army plans to use it for border management, counter insurgency, and hostage situations.
ideaForge already has drone solutions for commercial use in areas such as telecom, agriculture, utilities, and energy.
But in the future, with the support of Infosys, the start-up plans to develop drones for the consumer market that Indian e-commerce stores Flipkart, Snapdeal, and Myntra can use to make their deliveries.
Drones Are Becoming Popular
Deliveries by drones are becoming popular worldwide. On the 7th of this month, Amazon (NASDAQ:AMZN) delivered by a drone for the first time in the UK. Last month, Domino’s (NYSE:DPZ) used drones to deliver pizza to a customer in New Zealand and promised to offer drone services soon in Germany, Japan, Belgium, France, Australia, and The Netherlands. Google and Walmart too have their drone projects.
Rules in India, though, need to change before businesses such as Infosys (NSE:INFY) and ideaForge can diversify drone use in the country. According to current laws, there are many restrictions on private individuals and businesses. They have to ask for specific permission before even testing their drones.
There are no such rules for the armed forces in India of course. Most of the drones the Indian army is currently using are imported from Israel.