As a part of its $10 million worldwide expansion, Garuda Aerospace is extending into Sri Lanka, using drone technology to enhance agriculture and explore other sectors.
Indian drone technology firm Garuda Aerospace recently announced its expansion into Sri Lanka as part of its $10 million global growth strategy. The company plans to use drones to improve farming practices in Sri Lanka and explore opportunities in homeland security and industrial sectors.
Although the investment amount in Sri Lanka was not disclosed, the expansion supports Garuda Aerospace’s goal of operating in 50 countries and taking advantage of favourable drone regulations.
Agnishwar Jayaprakash, the Founder and CEO of Garuda Aerospace, explained that the expansion aims to use drone technology to impact sectors like agriculture and infrastructure. At the same time, Sri Lanka’s “diverse landscape” provides an added benefit.
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Garuda Aerospace recently collaborated with Spirit Aeronautical Systems in 2024 for weaponised drones and signed an MOU last month with Thales to enhance India’s drone sector. In FY24, the company earned a revenue of about INR 1 billion. It has been reported that a substantial amount of it is being utilised for the company’s overseas business growth.
Garuda Aerospace also claims to be India’s first drone company to receive dual Directorate General of Civil Aviation’s (DGCA) approvals for manufacturing small and medium drones and pilot training. Preparing for its IPO, the company recently launched India’s first drone-exclusive showroom in Chennai. Additionally, it delivered 445 Kisan drones under the ‘NaMo Drone Didi’ scheme, reinforcing its leadership in agricultural drone adoption.
