IdeaForge bags Rs 137 Cr drone order from Indian Army
The company has its research and development and manufacturing units in Navi Mumbai, Bengaluru, Delhi, and the US.
Drone technology firm ideaForge Technology has secured an order worth about Rs 137 crore for hybrid mini unmanned aerial vehicle systems from the Indian Army through the emergency procurement route, the company said on Monday.
ideaForge said a key requirement during the assessment for the selection of unmanned aerial vehicles (UAV) was that all critical sub-components must be sourced from non-border-sharing nations, and that the platform be substantially indigenous in capability and design.
"ideaForge Technology has secured a significant win through the emergency procurement route. The order, valued at approximately Rs 137 crore, has been placed by the Indian Army for its high-performance hybrid Mini UAV systems, which are already battle-tested and inducted into the Army's inventory for ISR (Intelligence, Surveillance, and Reconnaissance) operations,” the company said in the statement.
The company has its research and development and manufacturing units in Navi Mumbai, Bengaluru, Delhi, and the US.
Ankit Mehta, Co-founder and CEO of Mumbai-based ideaForge, in an interview with SMBStory had said that the drone tech was ready to evolve from the proof-of-concept stage to large-scale implementation. He believes the time is ripe for the adoption of drones and sees them playing a big role in surveillance, delivery, governance and security infrastructure.
(With inputs from YourStory)