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