The Union government has banned the import of drones in India on February 9, with some exceptions. However, there will no restrictions on the import of drone components. This move is aimed toward giving boots to the domestic manufacturing of drones. Pushing Domentic Manufacturing According to research by the Bureau of Indian Standards (BIS), the drone market in India has been accounted for nearly 4.25% of the world's drone market in FY22. The global market value of drones is estimated at $28.5 billion. The government is aiming its focus to encourage the domestic production of drones. The market is expected to expand in this decade. Ban Except For Defence Purposes The Centre has imposed bans on completely knocked down (CKD), semi-knocked down (SKD) and completely buil...
Read More