business π Drone boom: India army's big purchase plan π
India's drone ecosystem is getting a major boost with the army's Rs 20,000 crore fast-track procurement opportunity. ideaForge Technology is positioned for growth amid this surge in demand, especially for its logistics and combat drones. Management expects procurement to ramp up in the second half of FY27 as RFPs turn into actual orders. Furthermore, field commanders now have nearly double the financial power for tactical drone purchases. The company is also tackling high-altitude logistics with its Yeti drone, which targets tough military needs.