Garuda Aerospace Expedites IPO for Namo Drone Didi

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Garuda Aerospace is poised to train 15,000 women rural entrepreneurs in using drones for ‘Namo Drone Didi’.

Garuda Aerospace, a prominent Indian drone startup, expedites its Initial Public Offering (IPO) in alignment with Prime Minister Narendra Modi’s ‘Namo Drone Didi’ initiative. This government program, investing 1261 crores, plans to deploy 15,000 Kisan Drones to revolutionize the agricultural sector and bolster rural communities, with a special focus on nurturing women entrepreneurs.

The government’s substantial investment in Kisan Drones reflects its dedication to integrating innovation within agriculture and fostering societal impact. Garuda Aerospace is poised to train 15,000 women rural entrepreneurs in using these drones, echoing the company’s commitment to supporting Women Self-Help Groups over the upcoming two years.

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Attracting venture capital interest in agri-drone companies, this initiative underscores the agricultural sector’s potential for technological advancements. Consequently, Garuda Aerospace is moving forward with its IPO to boost its operational capabilities, enhance R&D, and better serve the agricultural sector.

Garuda

Agnishwar Jayprakash, Founder and CEO of Garuda Aerospace, remarked on the significance of the ‘Namo Drone Didi’ initiative, praising its impact on the agriculture sector and rural women’s empowerment. He emphasized that the accelerated IPO aims to strengthen Garuda Aerospace’s role in this transformative initiative, demonstrating the company’s ongoing commitment to sustainable innovation.

“Prime Minister Modi Ji’s ‘Namo Drone Didi’ initiative is a significant moment for the agriculture sector and a testament to his commitment to empowering rural women entrepreneurs. We are accelerating our IPO plans to expand our operations, intensify our research and development efforts, and better serve the agricultural community. We believe that ‘Namo Drone Didi’ has the potential to have a profound societal impact, and we are excited to be a part of this initiative,” he said.

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