Omega Seiki to enter the drone market; plans $10 million investment

Omega Seiki to enter the drone market; plans $10 million investment

Omega Seiki Mobility (OSM), an Indian electric vehicle manufacturer, is reportedly looking forward to entering the fast-growing drone market with an investment of around INR 75 crore (approx. USD 10 Million).

According to Uday Narang, Omega Group Chairman, their company is open to collaborating with other firms as it intends to become a global leader in this arena. Its unmanned aerial vehicles (UAVs) might join the market as early as December, with possible clients coming from both the public and private sectors.

The government announced a new national policy for the segment in August of this year, making it easier and less expensive for people to purchase and operate drones in the country.

Apart from reducing the number of forms required to operate them from 25 to 5 and the types of fees charged from the operator from 72 to 4, the rules have also eliminated the need for various approvals, such as a certificate of conformance, a certificate of maintenance, operator permits, acceptance of existing drones, authorization of R&D organizations, import clearance, and a student remote pilot license.

Mr. Narang stated that they are interested in creating a separate business unit for UAV (Unmanned Aerial Vehicles). OSM is further planning to invest approximately INR 75 crores (USD 10 Million). The firm will be investing in acquiring the technology for products and services.

He says that they hope to be the first to be in this market combining UAV with the EV and logistics services. OSM wishes to be a global player in the drone services industry with partnerships in this field. They are a business impact organization seeking possibilities in the new age of mobility, communication and energy.

He continued that the firm identifies the issues and enter the market with a game-changing answer. It will do the same thing with its drone service.

Sources cite that OSM plans to launch its drone business in December in Africa, India and other Asian countries.

Source Credit - https://auto.economictimes.indiatimes.com/news/industry/omega-group-firm-looks-to-enter-drone-market-with-rs-75-crore-investment/87240361