Garuda Aerospace, an Indian drone startup to establish a facility in Malaysia

Garuda Aerospace Pvt. Ltd., an integrated drone manufacturer and drone-as-a-service (DAAS) provider based in India, would invest Rs 115 crore in the construction of a production facility in Malaysia. The decision is made to establish a drone manufacturing plant in Malaysia, with a daily production capacity of around 50 drones. The components would be imported from India and other nations.

Key Points:

  • The city-based business has partnered with HiiLSE Global Sdn Bhd (HiiLSE Drones), a Malaysian drone start-up.
  • This alliance will establish a drone ecosystem with cutting-edge artificial intelligence, machine learning, and deep learning technology.
  • The partnership is not a joint venture in which the equity capital is shared by two entities. The Malaysian firm will make it possible for Garuda Aerospace to establish the factory and other commercial opportunities.
  • Garuda Aerospace would conclude in July after raising USD 30 million.
  • Shanmugam S. Thanggavilo, the founder and CTO of HiiLSE Drones, predicted that a drone manufacturing facility in the area will generate 3,000 new employment involving drone skills.

Important Takeaways for All Competitive Exams:

  • Garuda Aerospace’s founder and CEO: Agnishwar Jayaprakash
  • Founder and CTO of HiiLSE Drones: Shanmugam S. Thanggavilo

 

Madhavi Gaur

Recent Posts

Mali’s Junta Replaces Prime Minister Choguel Maiga with Abdoulaye Maiga

The political landscape of Mali witnessed another significant shift on November 21, 2024, as the…

15 mins ago

Sea Vigil 24 Culminates A Step Towards Coastal Resilience

The fourth edition of the Pan-India Coastal Defence Exercise, Sea Vigil 24, concluded successfully on…

19 mins ago

Important Days in November 2024, List of National and International

November, the eleventh or second last month of the year, brings a variety of important…

30 mins ago

Today Top 10 Current Affairs 23rd November 2024 Questions and Answers

The Daily Current Affairs Quiz which keeps you updated with the current events happening all…

3 hours ago

IPL 2025 Schedule: BCCI Announces IPL Schedules for 2025, 2026, and 2027 Seasons

The Board of Control for Cricket in India (BCCI) has made a bold and significant…

16 hours ago

Which District of Madhya Pradesh is Famous for Rang Panchami Festival?

Madhya Pradesh, a state rich in culture and traditions, celebrates many colorful festivals. One of…

16 hours ago