Garuda Aerospace, a drone technology firm backed by cricketer M S Dhoni, announced its entry into the Sri Lankan market on Monday. The company plans to focus on enhancing agricultural practices in Sri Lanka while also exploring opportunities in homeland security and industrial applications.
As part of its global expansion strategy, Garuda Aerospace aims to leverage Sri Lanka’s strategic location and drone-friendly regulations. The company has ambitious plans to establish a presence in at least 50 countries over the next few years, allocating $10 million from its over Rs 100 crore revenue in FY24 to support this international growth.
“This expansion into Sri Lanka is not just about growth but about realizing the full potential of drone technology to make a significant impact across various sectors. Sri Lanka’s diverse landscape offers us the opportunity to demonstrate how our innovative solutions can benefit agriculture, infrastructure, and more,” said AgnishwarJayaprakash, Founder and CEO of Garuda Aerospace.
Earlier this year, Garuda Aerospace partnered with Greek manufacturer Spirit Aeronautical Systems and signed an agreement with French aerospace giant Thales to foster growth and innovation in India’s drone industry. Spirit Aeronautical specializes in rotary and fixed-wing weaponized drones.
Garuda Aerospace is a leading Indian company specializing in drone technology and its applications across various sectors. Established with a focus on transforming industries through advanced aerial solutions, Garuda Aerospace develops and manufactures a range of drones designed for agricultural, industrial, and defense uses.
The company’s drones are used for precision farming, surveillance, and data collection, among other applications. Known for its innovative approach and commitment to enhancing operational efficiency, Garuda Aerospace is at the forefront of the growing drone industry in India, driving technological advancements and supporting diverse sectors with cutting-edge solutions.
