Back to News

Global Drone Market: India Takes Step in the Right Direction by Formulating Policy

January 10, 2019

Global Drone Market: India Takes Step in the Right Direction by Formulating Policy

Although the commercial use of drones in a majority of the top economies can’t seem to get through the red tape, India has clearly taken a step in the right direction by rolling out a policy for the same. This can give it a head start in the global drone market which is projected to grow into a 100 billion USD industry by 2023.

India’s new policy called Drone Regulation 1.0 will authorize the use of Remotely Piloted Aircraft (RPAs) or drones for commercial purposes. It was compiled by the Ministry of Civil Aviation and shall be enhanced further this year.

Photo on Visual Hunt 

Consult a Career Advisor

Fill up the form to get in touch with us.

Recent Posts
Subsidies to Indian Farmers Much Lower in Contrast to Western Countries, Says Commerce Secretary
March 29, 2019
Transaction Monitoring Market to Grow 200% by 2023, Says Report
March 29, 2019
90% CAGR Growth Expected in Blockchain IoT Market, Could Reach 3,000 mn USD in 5 Years
March 29, 2019

Recommended for you ...

Subsidies to Indian Farmers Much Lower in Contrast to Western Countries, Says Commerce Secretary
Subsidies to Indian Farmers Much Lower in Contrast to Western Countries, Says Commerce Secretary

March 29, 2019

Transaction Monitoring Market to Grow 200% by 2023, Says Report
Transaction Monitoring Market to Grow 200% by 2023, Says Report

March 29, 2019

90% CAGR Growth Expected in Blockchain IoT Market, Could Reach 3,000 mn USD in 5 Years
90% CAGR Growth Expected in Blockchain IoT Market, Could Reach 3,000 mn USD in 5 Years

March 29, 2019

Chat on WhatsApp