Drone manufacturing company, Drone Destination, entered into an agreement with the cooperative major IFFCO to utilise their drones for spraying agricultural products on up to 30 lakh acres of farmland. Under the agreement, Drone Destination expects payment in the range of Rs. 400 to Rs. 800 per acre at the existing market rates, implying that the deal shall fetch them a revenue of Rs. 120 crore in the lower price band and up to Rs. 240 at upper price band!
The drones shall spray IFFCO Nano Urea, Nano DAP, Sagarika, IFFCO MC Agro-Chemicals and other IFFCO and IFFCO joint venture’s agri products, with the aim of enhancing agricultural productivity and efficiency. There are further opportunities for the sale of IFFCO agri-inputs and products for drone spray.
As part of the agreement, Drone Destination shall undertake drone spraying across 12 states in the country – Andhra Pradesh, Bihar, Gujarat, Haryana, Karnataka, Madhya Pradesh, Maharashtra, Punjab, Rajasthan, Telangana, Uttar Pradesh, and Uttrakhand.
Chairman of Drone Destination, Mr. Alok Sharma, said, “We are elated to partner with the world’s top cooperative IFFCO for transforming Indian agriculture. Drones have a wide range of applications and their influence on agriculture, which is basic to human survival, is revolutionary. Drones will bring efficiency, scalability, cost competitiveness, and speed to agricultural practices in India, enabling the sector to increase its contribution to GDP.”
