Drone startup Garuda signs MoU with TIDCO for a defence-focussed facility in TN – Times of India

CHENNAI: Drone startup Garuda Aerospace has signed an MOU with the Tamil Nadu Industrial Development Corporation Limited (TIDCO) to jointly develop a facility focussed on the defence sector.
“We have been receiving a lot of interest from the Army, Airforce, CRPF, CISF, BSF and we have started designing drones keeping in mind our national security threats as we firmly believe that drones equipped with diverse payloads can support our forces in the borders,” said Agnishwar Jayaprakash, founder-CEO, Garuda Aerospace.
“This partnership with TIDCO which involves joint development of a drone manufacturing facility focused on the defence sector aims to create over 5000 jobs for youth in Tamil Nadu alone,” said a TIDCO official.
TIDCO is the nodal agency for the Tamil Nadu defence corridor. “The future of warfare is drones and Garuda Aerospace is attracting global technology partners post our recent funding round to speed up our defence aspirations,” added Agnishwar Jayaprakash.
Recently, Garuda Aerospace commenced its $30 million Series A Round at $250 million valuation and former Indian cricket team captain MS Dhoni invested into the company while also becoming Garuda’s brand ambassador.

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