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    Uber, Nuro, and Lucid to Bring Robotaxi Service to Houston in 2027.

    PHOTO CREDIT-AIR INDIA

    Air India introduces ‘basic’ fare option, expanding customer choice in economy class on domestic travel.

    The Piaggio Group and Rome celebrate the Vespa’s 80th anniversary.

    Bharat Innovates 2026 begins in Nice, forging new India–Europe deep-tech partnerships.

    Prime Minister of India Shri Narendra Modi and French President HE Emmanuel Macron Inaugurate “Bharat Innovates 2026”, Strengthening Indo-French Deep Tech Alliance

    From your home city to the world: Air India introduces ‘Easy Connect’ flights, leads rollout from Varanasi on 25 June

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    Final Window Till June 30 to Pay Penalty for Cancelled Newspaper Titles: PRGI Advisory

    Air India introduces ‘basic’ fare option, expanding customer choice in economy class on domestic travel.

    Orient Electric launches India’s most silent fan Aerosilent.

    SWRWWO-Bengaluru Division Donates Groceries and Medical Consumables to Old-Age Home.

    ISKCON Bangalore Releases ‘Srila Prabhupada Charitamrutam’First Kannada Mahākāvya on the Life of Śrīla Prabhupāda .

    Highways Transformation: Powering India’s Journey Towards Viksit Bharat

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    Lockheed Martin, GM Defense Collaborate to Strengthen America’s Manufacturing and Defense Industrial Base

    Tata Steel reports Consolidated EBITDA of Rs 34,848 crores and Profit after Tax of Rs 10,886 crores for the twelve months ended March 31, 2026

    Bharat Innovates 2026 begins in Nice, forging new India–Europe deep-tech partnerships.

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    NYB.AI Featured in NVIDIA GTC Taiwan 2026 Opening Showcase, Marking Milestone in AI-Driven Drug Discovery Collaboration.

    Narayana Health City Performs India’s First Pulsed Field Ablation for Advanced Treatment of Atrial Fibrillation.

    WellSpan Health and Philips Announce Landmark Strategic Alliance, Accelerating Innovation and Research Across Central Pennsylvania and Northern Maryland

    Ramaiah Group and University at Albany Launch RISM, India’s First Greenfield Deemed-to-be University Focused on STEM and Management.

    Samsung Announces World-First Breakthrough in Fainting Prediction With Galaxy Watch.

    Disney and Philips bring together beloved storytelling and innovative technology to support kids undergoing MRI exams

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    • Environment
    • Science

    India’s Space Economy Poised to Reach USD 45 Billion in Next Decade; over 400 Space StartUps driving the next phase of growth: Dr Jitendra Singh .

    Union Minister Dr. Jitendra Singh Calls for Stronger Industry-Academia Partnerships to Accelerate Science-Led Growth.

    SAP Labs India Unveils 2026 Startup Studio Cohort Focused on Enterprise AI and Deep-Tech Innovation.

    Cisco Unveils Agentic Platform for Operating and Defending Critical IT Infrastructure.

    IIMC launches AI academy in Media & Entertainment to build future-ready AI capabilities in Indian Media

    IBM and Red Hat Commit $5 Billion to Redefine the Future of Open Source in the AI Era.

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    GAS Milano Unites the Superbike Fraternity with the Launch of its New Motorsport Inspired Collection.

    The Maruti Swift is India’s Favorite Used Car, and No Other Model Comes Close

    Uber, Nuro, and Lucid to Bring Robotaxi Service to Houston in 2027.

    The Piaggio Group and Rome celebrate the Vespa’s 80th anniversary.

  • Sports

    Aneeshwar Gautam to Lead Hubli Tigers in Maharaja Trophy KSCA T20 Season 5

    Gold for Kumkum Mohod and Dhiraj Bommadevara at World Cup Stage 3.

    Karun Nair Named Coastal Kings Mangaluru Captain Ahead of Maharaja Trophy KSCA T20 Season 5

    Hyderabad to Host Second Season of Archery Premier League This October; World’s Top Archers to Compete.

  • Entertainment

    Actor Dr. Rajkumar’s 97th birthday celebration on April 24th, at 10.30 am in Dr. Rajkumar Punyabhoomi premises of the Sri Kanteerava Studio .

    Doordarshan Chandana has launched an innovative farmers’ reality show named “Raitaratna” (ರೈತರತ್ನ).

    Phoenix Marketcity brings you a legendary live concert by PADMA BHUSHAN KS CHITRA.

    UNDP Goodwill Ambassador and ‘Game of Thrones’ star Nikolaj Coster-Waldau highlights Odisha’s mangrove restoration story in global documentary series

    House of McDowell’s Soda Yaari Jam, India’s Biggest Branded Live IP, Touches down in Kolkata

    “Virgin Boys” – A Bold Telugu Youth Drama Captures Hearts Across Theatres

  • Lifestyle
    • All
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    Air India introduces ‘basic’ fare option, expanding customer choice in economy class on domestic travel.

    Samsung Announces World-First Breakthrough in Fainting Prediction With Galaxy Watch.

    “Our vision is to make nutrition a standard feature in every kitchen, not a luxury.”-Mr. Jambulingappa Hosmani, MD, Panchamrutha Industries Pvt. Ltd

    Change in timings of ration distribution and fair price shops in Bengaluru.

    Barbeque Nation presents with Kenneth Gopinath.

    HCG Expands Oncology Presence with New Hebbal Hospital.

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Drones to Create $100bn GDP boost and Millions of Jobs in India, Says New World Economic Forum Report

New report outlines potential for drone-based transformation of Indian agriculture The report, written in collaboration with Adani Group, outlines use cases for drones, fusing military/civilian technologies enabled by digital adoption, analytics, digital financing and a well-coordinated local stakeholder effort The report provides a framework for development of scalable pilots that can be implemented by various governments

by FWM
October 18, 2022
in Business
0

Gandhinagar, Gujarat, India, 18 October 2022 –

Putting drones at the centre of a technology-led transformation of Indian agriculture, with support from emerging business models such as digital financing, precision agriculture and rapid awareness building, can boost GDP by 1%-1.5% and create at least 5,00,000 jobs in the coming years in India, according to a new World Economic Forum report, Using Technology to Improve a Billion Livelihoods.

The report, which was written by the World Economic Forum’s Centre for Fourth Industrial Revolution, India in collaboration with Adani Group, was launched in Gandhinagar, Gujarat, today.

Arguably, aviation is one of the most regulated sectors globally. India’s bold and measured approach to spur unmanned aviation has been celebrated across a wide spectrum of stakeholders. To make the most of this regulatory landscape, drones must be part of the core agri-equipment repertoire alongside tractors, cultivators, ploughs, diggers and combine harvesters to fortify our farms,” said Vignesh Santhanam, Project Lead, Aerospace and Drones, India, World Economic Forum.

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“The cross-industry application of drones is nearly limitless and continues to make great strides. It offers countries like ours the opportunity to leapfrog generations of infrastructure, healthcare, logistics, agriculture and defence advancements and break several process barriers. When combined with next-generation imaging technologies, edge-based artificial intelligence and machine learning capabilities, the possibilities are endless. We have always believed that the most meaningful revolutions happen at the intersection of various domains – between military and civil, between drones and AI and between physical and digital. India has taken a lead to establish several forward-looking policies under the guidance of the Prime Minister to make India the drone hub of the world by 2030,” said Ashish Rajvanshi, CEO, Adani Defence & Aerospace; President, Strategy & Chairman Office, Adani Group.

Powerful use cases for drones, merging aerospace, AI and digital finance

Different studies have highlighted the immense potential in improving agricultural outcomes for farms through precision agriculture expertise and advisory that can enable a 15% increase in productivity in India’s $600 billion agriculture sector. Drones can play a critical role in unlocking this value as they provide an effective medium to collect data and apply inputs, directly impacting yields and farmers’ income. Scaling drones in agriculture sector will also boost farm mechanization and nudge India closer to global peers.

Coordinated research between civilian and defence technologies

The report also examines how civil-military convergence can accelerate research to benefit civil society applications. The report highlights different use cases for drones in agriculture such as crop monitoring, collecting data for advisory and application of farm inputs.

“Drones are poised to be the enabler of different use cases that leverage Fourth Industrial Revolution technologies. The need is to create a business model that drives rapid adoption and active usage of drones at farm level. It is possible only if the strengths of different ecosystem stakeholders are leveraged and unit-level value proposition is created for farmers,” said Abhay Pareek, Project Lead, Fourth Industrial Revolution for Agriculture, World Economic Forum, India.

Robust local supply chain and support system

In addition, given the nascent state of the drone sector and significant import dependence on various key components, there is a need to build a robust local support system including a “Made in India” supply chain, targeted skill development programmes, next-generation digital financing mechanisms and strong awareness-building programmes in Farmer Producer Organizations, Krishi Vigyan Kendras (KVKs), farmers and policymakers. The report points out that a well-orchestrated set of interventions can add nearly $100 billion to GDP and help India leapfrog multiple challenges in the agriculture sector with the use of technology.

The need for a “drone microcosm” while mainstreaming

The mainstreaming of drones in the agricultural sector needs to be aided with the creation of a “green microcosm” where an integrated “drone-centric rural hub” is set up and stabilized across crop cycles. The microcosm would be a controlled environment that would test varied use cases pertinent to agriculture as well as other rural applications.

Further, considering the complexity of India’s agriculture system including different agro climatic zones, range of crop varieties, despaired use of irrigation technologies etc. drones’ integration in Indian agriculture can be achieved with form factor of drones and mission-based approach in partnership and ownership of stakeholders

“Drone costs fall significantly with local scale. There are multiple use cases on the same drone that can be achieved with a quick switch of payloads – from spraying to broadcasting to logistics. Creating local hubs where these applications can be deployed at scale can establish the business case and help players grow rapidly,” said Rangarajan Vijayaraghavan, Vice-President Strategy & Chairman Office, Adani Group.

FWM

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