Activities to be also undertaken in the states of Andhra and Telangana
Agri drone manufacturer IoTechWorld Avigation and agrochemical major Syngenta India have jointly developed a sustainable DaaS business model and will launch the commercial spraying services in across 4 major states: Andhra Pradesh, Maharashtra, Punjab, and Haryana – in the next season of Kharif & Rabi.
IoTechWorld & Syngenta have already conducted the drone Yatra in 13 states and demonstrated the benefits of agriculture drones to more than 1 lakhs farmers in 17,000 km yatra.
Already, a joint pilot activity using actual agrochemicals has been successfully conducted in Ludhiana, Punjab wherein farmers and agri-entrepreneurs were briefed about the benefits of using drone technology in spraying of agrochemicals.
Deepak Bhardwaj & Anoop Upadhyay, Co-founders, IoTechWorld, said, “We have joined hands with Syngenta India to facilitate drone spraying across India. We did a pilot in the state of Punjab and the response has been very encouraging. As a next step, both the companies jointly plan to amplify the activities in the states of Andhra Pradesh, Telangana, Maharashtra, Madhya Pradesh, Punjab, Haryana, Karnataka, Uttar Pradesh & West Bengal. The idea is to highlight the benefits of spraying using drones to farmers and other stakeholders.”
“Our association is unique in many ways. While our product Agribot is India’s first DGCA-type certified company, Syngenta is the first private company to get approval from the Central Insecticides Board, Government of India to use drones for spraying of its Crop Protection products in crops like Paddy, Wheat, Sugarcane, Potato, Hot pepper etc. It is thus natural for consumers including farmers and agri-entrepreneurs to have faith in our joint initiatives,” both co-founders added.
Saurabh Srivastava, General Manager (Sales(, IoTechWorld Avigation and Mahantesh Chulaki, Lead Operations, Syngenta India, said, the idea of this sustainable cluster based DaaS business model is liked by many agritech & startups firms as it gives the surety of YOY spray demand from Syngenta which mitigate the risk of capital investment of drone service provider. Even the financial institutions like SBI who are providing the capital loan up to 2Cr through AIF scheme of GOI, also very confident to disburse the loan as their risk is mitigated through assured business demand offered by Syngenta.
The State bank of India has already disbursed the AIF loans to drone service providers in Haryana, Maharashtra, Telangana, Haryana & Madhya Pradesh for this DaaS Model developed by IoTechWorld & Syngenta.
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