Russian unmanned aircraft systems developer Transport of the Future and Indian microelectronics manufacturer Sasaa Electronics Private Limited have signed a cooperation agreement. In a memorandum signed on November 14 at the Dubai Airshow 2023, the companies have confirmed their intentions to establish a joint production facility in India and plans to develop UAV models for cargo delivery and monitoring.
“Our collaboration with Future Transportation marks a breakthrough phase in the UAV industry in India,” said Sasaa CEO Rakesh Goel. – We are entering a new era of integrated UAV solutions that will take the country’s urban mobility and freight logistics to a new level in full alignment with the principles of sustainable development.”
Analysts predict the UAV market in India to reach $5 billion by as early as 2030. The companies plan to occupy at least 25% of the market, which will potentially generate up to $1.3 billion in revenue per year.
Yuriy Kozarenko, CEO of Transport of the Future, added that the partnership with Sasaa will significantly affect not only the UAV industry in India, but also the global market.
“Separately, we should mention the geographical peculiarities of India, which pose additional challenges for us – hot and humid climate, high altitude areas at an altitude of 5000-6000 meters above sea level. To overcome these challenges, we plan to significantly improve the existing UAV models of Transportation of the Future and develop new technologies to meet the needs of our customers,” added Yuri Kozarenko.
The Russian company’s press service explained to the Russian Aviation website that the drones will be used in agriculture and in delivering cargo to mountainous terrain in India. “The assembly of Russian drones will start in March 2024, and additional investments will amount to less than $10 million, as Sasaa Electronics already has enough manufacturing infrastructure,” the spokesperson said.
The type of drone to be assembled in India will be decided later. Now the model range of “Transport of the Future” is represented by two modifications: an aerotaxi and a large cargo UAV with a takeoff weight of up to 700 kg.
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