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The Andhra Pradesh cabinet on Wednesday approved a policy to promote drone manufacturing and services sector in the state by attracting investments worth over ₹1,000 crore in the sector that would generate revenue of ₹3,000 crore from drones and its associated ecosystem. Briefing reporters after the cabinet meeting, state information and public relations minister K Parthasarathy said that the Andhra Pradesh Drone Policy, which would be in force for the next five years, was targeting establishment of a minimum of 100 drone companies in drone manufacturing, research and development, skilling and training and service providers. Apart from generating employment of thousands of people in this sector, the government also wants to encourage drone exports valued at ₹1,000 crore in the next five years,” he said, adding that the government had announced an allocation of ₹500 crore to support the implementation of this drone policy throughout the policy period. The policy also aims at establishing 20 drone remote pilot training organisations, 50 centres of excellence at engineering colleges, industrial training institutes and polytechnic institutions. “The policy was provisioned to train 25,000 drone pilots, creating 40,000 jobs in the sector he said. #AndhraPradesh #APPolitics #APCabinet2024 #APDevelopment
