Garuda Aerospace has signed an MOU with the Tamil Nadu Industrial Improvement Company Restricted (TIDCO) on the Tamil Nadu Funding Conclave 2022 within the presence of Honorable Chief Minister of Tamil Nadu, M.Ok. Stalin. The MOU highlights the investments which Garuda has made within the sector and re-iterates its dedication to the defence sector.
“After the Honourable Prime Minister, Shri Narendra Modi launched Garuda’s 100 Drones throughout 100 places in India, we now have been receiving a number of curiosity from the Military, Airforce, CRPF, CISF, BSF and we now have began designing drones retaining in thoughts our nationwide safety threats. We firmly consider that drones geared up with various payloads can assist our forces within the borders to maintain our Nation secure” mentioned Agnishwar Jayaprakash, Founder and CEO, Garuda Aerospace.
“Over the previous 5 years, Garuda Aerospace has cemented dominance within the agricultural, industrial and industrial drone section. Nonetheless, this partnership with TIDCO which entails joint growth of a drone manufacturing facility targeted on the defence sector goals to create a large affect and create over 5000 jobs for youth in Tamil Nadu alone” mentioned a TIDCO official.
Curiously, TIDCO (Tamil Nadu Industrial Improvement Company) is the nodal company for the Tamil Nadu defence hall and this strategic partnership with India’s main drone start-up Garuda Aerospace appears to be very promising. “The way forward for warfare is drones and Garuda Aerospace is attracting world know-how companions submit our latest funding spherical to hurry up our defence aspirations” concluded Agnishwar Jayaprakash.
Lately, Garuda Aerospace commenced its $30 million Sequence A Spherical at $250 million Valuation and former Indian cricket staff captain MS Dhoni invested into the corporate whereas additionally turning into Garuda’s model ambassador.