Omega group company seeks to enter drone market with investment of Rs 75 crore, Auto News, ET Auto
Omega Seiki Mobility, which is part of the Anglian Omega group, is seeking to enter the booming drone market with an investment of around Rs 75 crore and is open to partner boarding as it aspires to become a player global in this space, group chairman Uday Narang said.
The company could hit the market with its unmanned aerial vehicles (UAVs) as early as December, with potential customers expected to come from the public and private sectors, he said.
The new national policy notified by the government in August this year for the segment makes it easier and cheaper for individuals to own and operate drones in the country.
In addition to reducing the number of forms that have to be filled out to operate them from 25 to 5 and reducing the types of fees charged to the operator from 72 to 4, the rules also removed the requirement for various approvals, including certificate of conformity, the certificate of maintenance, import customs clearance, receipt of existing drones, operating permit, authorization of R&D organization and student remote pilot license.
“We are interested in developing a separate vertical business for unmanned aerial vehicles (UAVs). OSM plans to make an investment of almost Rs 75 crore. We will invest in acquiring the technology for the products and services, ”Narang told PTI.
Stating that OSM wants to be a global player in the drone services market with alliances in this space, he said: “We want to be the first to be in this market by integrating UAVs into our EV and logistics services.” The OSM is a business impact organization and it seeks opportunities in the new world of mobility, communication and energy, he said.
“We identify the problem and enter the industry with our disruptive solution. We will apply the same to our drone service, ”Narang said.
OSM aims to launch its drone business in December, with India, Africa and Asian countries as target markets, adding that its services will include services with cognitive capabilities, using high-end autonomous technologies for capabilities. real-time decision-making.
“Our drones will pave the way from automation to drone autonomy,” he said. End users of these services will be government agencies, government vaccine agencies, the National Highway Authority of India, ISRO, emergency services and e-commerce, among others, Narang said.
OSM drones can be fitted with a number of sensors, including distance sensors (ultrasound, laser, lidar), time-of-flight sensors, chemical sensors, and stabilization and orientation sensors, among others, did he declare. OSM drone services will include geospatial services, land surveying, geographic information systems, essential commodity logistics, services, other location based services, GPS / LBS, LIDAR , building information modeling, etc.
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