This story is from July 08, 2024
Optiemus to invest Rs 140cr for drone manufacturing expansion
NEW DELHI: Optiemus Unmanned Systems, a subsidiary of electronics contract manufacturer Optiemus Infra, will invest Rs 140 crore for expanding its drone manufacturing enterprise and offering it as a service for agricultural, mapping, and related industries. The company is localising parts and components to achieve 75% indigenisation by the end of the fiscal, chairman Ashok Gupta said. "We are set to leverage our expertise in drone technology to offer a cost-effective and efficient solution for agricultural and defence needs," Gupta said.
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Stay informed with the latest Business News on Times of India. Explore updates on International Business, gain insights with Financial Literacy tips, and make use of Financial Calculators. Don’t forget to check the list of Bank Holidays in 2025, including Bank Holidays in January.
Ready to Master Stock Valuation? ET’s Workshop is just around the corner!
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