Flying High: These drone stocks gained up to 50 per cent in last three months!

The concurrent support of the Rs 120 crore, PLI scheme for local production of drones and their components have found several takers already

Given the policy support from the Government of India the drone solutions industry is poised to take a quantum leap forward. At an estimated ~Rs 30,000 crore size for drones in the next 3 years, the industry is looking at a rapid scale-up. Meanwhile, the projected value of the global drone industry would be around USD 43 billion by 2025. Further, as per NITI Aayog estimates, the Indian market for UAVs will be USD 50 billion over the next 15 years. 

The concurrent support of the Rs 120 crore, PLI scheme for local production of drones and their components have found several takers already. With the waiver of pilot licenses, reduced formalities, the launch of new drone corridors, and incentivizing local manufacturers, drones could change the landscape for India with a focus on being Atmanirbhar throughout the business value chain. 

Following is the list of drone stocks that have gained up to 50 per cent in the last 3 months.