SINGAPORE: (Feb 27) Singapore-listed Thakral Corporation Ltd said it will be commencing in-house manufacturing of components for drones in May, citing market growth potential of USD11 billion by 2030 from USD 500 million in 2024.
“To scale up in the enterprise drone space and meet growing demand for industrial and commercial drones, the Group plans to explore the manufacturing of enterprise-grade and specialised drones in India,” Thakral said in its latest financial report released on Thursday.
“Through these initiatives, the Group will be well positioned to capitalise on opportunities in this underserved market.”
Source: PTI News
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