IoTechWorld, Syngenta to launch ‘Drone-as-a-service’ business model in Haryana, Punjab, MH and AP

IoTechWorld, Syngenta to launch ‘Drone-as-a-service’ business model in Haryana, Punjab, MH and AP

India’s leading agri-drone manufacturer IoTechWorld Avigation and agricultural science company, Syngenta India have jointly developed a sustainable DaaS (drone-as-a-service) business model and will launch the commercial spraying services across four major states – Andhra Pradesh, Maharashtra, Punjab, and Haryana – in the next season of Kharif and Rabi crops.

IoTechWorld and Syngenta have already conducted the Drone Yatra in 13 states and demonstrated the benefits of agricultural drones to more than one lakh farmers in a 17,000 km journey.

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 agrochemicals.

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Speaking on details about the Drone-as-a-service model, Co-Founders of IoTechWorld, Deepak Bhardwaj and Anoop Upadhyay jointly said, “We have joined hands with Syngenta India to facilitate drone spraying across India. We did a pilot in Punjab and the response has been very encouraging. As a next step, both companies jointly plan to amplify the activities in the states of Andhra Pradesh, Telangana, Maharashtra, Madhya Pradesh, Punjab, Haryana, Karnataka, Uttar Pradesh and 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 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.

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Highlighting the Drone-as-a-service business model, Saurabh Srivastava, General Manager – Sales of 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 and startup firms as it gives the surety of YOY spray demand from Syngenta which mitigate the risk of capital investment of drone service provider. Even financial institutions like SBI who are providing the capital loan up to Rs 2 crores through the AIF (Agriculture Infrastructure Fund) scheme of GOI, are 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 and Madhya Pradesh for this DaaS Model developed by IoTechWorld and Syngenta.

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It is pertinent to mention that both Syngenta India and IoTechWorld Avigation have recently joined hands to facilitate the introduction of drone spraying across India. Under this agreement, the two partners will collectively work towards harnessing their strengths to promote the spray of Syngenta-approved chemicals using the drone technology of IoTechWorld. Besides, both companies will also work on creating employment opportunities for rural youth by training and preparing them for using drone technology.

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