RattanIndia Enterprises assimilates wholly-owned subsidiary for drone biz in India
RattanIndia Enterprises has informed that it is embracing a wholly owned subsidiary of the Company to initiate the Drone business in India. This is in line with the stated business strategy of the organization to start businesses with cutting edge technologies with potential to change the lives of billion plus Indians.
The firm had recently announced the strategic investment in US based Matternet, the world’s most extensive urban drone logistics platform with operations across many countries worldwide.
In light of this strategic investment in Matternet, RattanIndia Enterprises is assimilating a wholly owned subsidiary to kickstart UAV drone business operations in India.
Drone systems have wide variety of commercial and industrial applications in healthcare and e-commerce logistics, infrastructure monitoring, agriculture, weather monitoring, surveying, law and order and traffic monitoring.
Drone systems is likely to assure to be extremely transformative by offering cost effective solutions for developing countries such as India, which have large urban agglomeration and ultra-high population density and lack of fundamental infrastructure.
The Government of India realizes the immense economic potential of the drone industry and took a major step toward opening the market when it released Draft Drone Rules on July 15, 2021. The rules are intended to ensure the ease of using drones in India based on “trust, self-certification and non-intrusive monitoring.”
Salient features of these Draft Drone Rules include:
- Developement of “drone corridors” for cargo deliveries.
- Drone promotion council to ease a drone-friendly regulatory regime.
- Restrictions relaxation on drone operations of foreign-owned companies
- Reduction in limits for operations from the airport perimeter
- Faster and paperless approvals
At around 9:25 AM, RattanIndia Enterprises was sold at 
46.05 per piece dropped by 4.95 percent on Sensex.
