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Srinidhi Insititute of Science and Technology, Ghatkesar signed a Memorandum of Understanding with Agmay Technologies to establish the Drone Center of Excellence

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SNIST was established to be a leading educational organization imparting holistic education to help students become responsible world citizens who are sensitive to the needs of society. It promotes participative-cum-partnership collaboration with industrial fronts & organizations like Agmay Drones, which provides enterprise drone solutions and pan-India training to ensure active participation in the industry.

The MoU was signed between Dr. T. Ch. Siva Reddy, Principal, Mr. Abhijith Roy Katikaneni, CEO (SNIST), and Mamidi Ajay Sagar, CEO, G. Narasimha, Manager of Agmay Technologies on 4th June 2024, which beamed a new varsity into the drone ecosystem in India.

According to a PwC analysis published in January 2020, India is the world’s fastest-growing drone market, with sales expected to reach $885 million by 2021. It is also predicted to reach $1,810 million by FY 2026, representing a 14.61 percent CAGR.

This center, which is aligned with the government’s Skill India and AtmaNirbhar Bharat initiatives, will upskill and empower drone industry youth. The Agmay Drones Centre of Excellence (CoE) is an initiative that aims to educate more than 1 million Graduates and School children about drone technology. The skill development programs offered by Agmay Drones are aimed at making India self-sufficient and ushering in a paradigm change that will see India emerge as the world’s next Drone Manufacturing Hub.

India’s drone industry is catching up to that of other countries and gaining significant traction. According to 6Wresearch, the Indian UAV market is expected to develop at a CAGR of 18% in revenue from 2017 to 23. Recent research by the global market intelligence and advisory firm BIS, also stated that the Indian drone market is expected to reach $1.21 billion by the end of 2021, which got a definite overshoot as per the figures.

As a result, it’s vital to educate Indian youth about drone technology so that they have the knowledge and tools they need. A Center of Excellence is the most effective approach to accomplish this. In addition to offering crucial skills and fostering future-ready skills, the CoE plays an important role in increasing students’ industrial awareness and giving placement opportunities in the same industry. With the introduction of the PLI Incentive and the recent boost for drone usage in agriculture as announced in the 2022 Budget, the sector will undoubtedly see new prospects.

They’re present all over the country, starting from the head office at Hyderabad and branch offices at Ahmedabad, and Vijayawada.

The level of technical exposure available in Hyderabad to Srinidhi Institute of Science and Technology is “a two-way affair.” To attain industrial excellence, requirements must be channeled. With the help of a partnership or collaboration, we can achieve so.

AGMAY Drones CoE – It is an educational arm of India’s leading drone enterprise solution provider, Agmay Drones headquarters at Hyderabad. Agmay Drones COE aims to train and upskill the youth for the future of drone technology to make them industry-ready and empower India’s drone ecosystem with advanced drone technology. Currently, a drone ecosystem has been set up in different states in partnership with various skill development wings & Academics. Agmay Drones has offices across 3 locations and has executed 33+ projects across Multiple Nations and 2+ states in India in 4 different domain industries.

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