Drones Worth ₹ 130 Crore For Army In Deal With Company Of Ex-IITians
New Delhi:
A company formed by three alumni of the Indian Institute of Technology (IIT-Bombay) and incubated by the top engineering institute has signed a ₹ 130-crore deal with the Indian Army to make drones. The company, ideaForge Technology, was founded at the IIT-Bombay incubator SINE in 2007 by Ankit Mehta, Rahul Singh and Ashish Bhat.
"Congratulations to SINE and our hearty congratulations to Ankit, Rahul and Ashish. It is worth mentioning that they were bestowed with the Young Alumni Achiever award last year," IIT-Bombay posted on its official Facebook page.
The company in a statement on its website said it will provide the Indian Army an "undisclosed quantities of a high-altitude variant of ideaForge's Switch UAV", short for unmanned aerial vehicle.
Switch UAV is a fixed-wing VTOL (vertical take-off and landing) craft that can be deployed at high-altitude and harsh environment for day and night surveillance. It is man-portable and has the highest time-on-target compared to any other UAV in its class, the company said.
A company formed by three alumni of the Indian Institute of Technology (IIT-Bombay) and incubated by the top engineering institute has signed a Rs 130-crore deal with the Indian Army to make drones. The company, ideaForge Technology, was founded at the IIT-Bombay incubator SINE in 2007 by Ankit...
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