DCM Shriram focusing on manufacturing versatile drones: Joint President

DCM Shriram Industries is focusing on developing and manufacturing versatile drones that will be used not just in the defence sector but across the board, its Joint President Rudra Shriram has said.

The company is engaged in the businesses of sugar, chemicals and industrial fibre and has a turnover of around Rs 8,000 crore. It had last year invested USD 1 million (about Rs 7 crore) to purchase 30 per cent stake in Turkish drone company Zyrone Dynamics.

“Luckily, we entered the (drone) market at the correct time and we have products ready of the market,” Shriram told PTI in an interview.

He said the idea is to manufacture drones completely in India.