SPONSORED CONTENT

Indian Army signs a $20 million contract with ideaForge to procure SWITCH UAV

January 14, 2021 23:30 IST | ANI Press Release
Tennis player James Blake
Indian Army signs a $20 million contract with ideaForge to procure SWITCH UAV

Mumbai (Maharashtra) [India], January 14 (ANI/PRNewswire): The Indian Army has signed an approximately USD 20 million contract for undisclosed quantities of a high-altitude variant of ideaForge's SWITCH UAV which will be delivered over a period of 1 year.

ideaForge has been awarded this contract after it emerged as the only vendor that qualified the operational requirements in an evaluation done in real-world conditions, for a fast-track procurement. The contract marks a strategic shift in the Indian defence procurement process as the Indian Army goes on an aggressive modernization drive. It has also cemented ideaForge's position as India's largest manufacturer of drones for defence, homeland security and industrial applications.

SWITCH UAV is an indigenous system built to cater for the most demanding surveillance operations of the Indian Forces. This Fixed Wing VTOL (Vertical Take-off and Landing) UAV can be deployed at high altitude and harsh environments for day and night surveillance in Intelligence, Surveillance and Reconnaissance (ISR) missions. It is man-portable and has the highest time on target compared to any other UAV in its class.

"SWITCH UAV is the culmination of insights and knowledge we have gained over years of experience in helping the Indian Forces operationalize UAVs in their ranks. The trials saw about a dozen national and global players compete to meet the operational requirements. SWITCH UAV is the only product that cleared the Indian Army's stringent product trials and surpassed expectations. It is a testimony of the fact that our systems are built like a bird and tested like a tank. Our systems are fully ready to serve nations that seek to protect their territorial sovereignty," said ideaForge CEO, Ankit Mehta, speaking on the development.

"A combination of world-class technology and a deep understanding of customer requirements has resulted in ideaForge bagging this contract against global competition. With the backing of reputed institutional investors such as WRVI, Infosys and Qualcomm, ideaForge is all set to grow rapidly. We plan to work with like-minded investors and partners to achieve our vision of premier drone company serving enterprise, security and surveillance market globally," said Ganapathy Subramaniam, Partner - WRVI Venture Capital who also serves as Executive Chairman - ideaForge.

This story is provided by PRNewswire. ANI will not be responsible in any way for the content of this article. (ANI/PRNewswire)

DISCLAIMER


(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

 

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

Indian Army signs a $20 million contract with ideaForge to procure SWITCH UAV

Mumbai (Maharashtra) [India], January 14 (ANI/PRNewswire): The Indian Army has signed an approximately USD 20 million contract for undisclosed quantities of a high-altitude variant of ideaForge's SWITCH UAV which will be delivered over a period of 1 year.

ideaForge has been awarded this contract after it emerged as the only vendor that qualified the operational requirements in an evaluation done in real-world conditions, for a fast-track procurement. The contract marks a strategic shift in the Indian defence procurement process as the Indian Army goes on an aggressive modernization drive. It has also cemented ideaForge's position as India's largest manufacturer of drones for defence, homeland security and industrial applications.

SWITCH UAV is an indigenous system built to cater for the most demanding surveillance operations of the Indian Forces. This Fixed Wing VTOL (Vertical Take-off and Landing) UAV can be deployed at high altitude and harsh environments for day and night surveillance in Intelligence, Surveillance and Reconnaissance (ISR) missions. It is man-portable and has the highest time on target compared to any other UAV in its class.

"SWITCH UAV is the culmination of insights and knowledge we have gained over years of experience in helping the Indian Forces operationalize UAVs in their ranks. The trials saw about a dozen national and global players compete to meet the operational requirements. SWITCH UAV is the only product that cleared the Indian Army's stringent product trials and surpassed expectations. It is a testimony of the fact that our systems are built like a bird and tested like a tank. Our systems are fully ready to serve nations that seek to protect their territorial sovereignty," said ideaForge CEO, Ankit Mehta, speaking on the development.

"A combination of world-class technology and a deep understanding of customer requirements has resulted in ideaForge bagging this contract against global competition. With the backing of reputed institutional investors such as WRVI, Infosys and Qualcomm, ideaForge is all set to grow rapidly. We plan to work with like-minded investors and partners to achieve our vision of premier drone company serving enterprise, security and surveillance market globally," said Ganapathy Subramaniam, Partner - WRVI Venture Capital who also serves as Executive Chairman - ideaForge.

This story is provided by PRNewswire. ANI will not be responsible in any way for the content of this article. (ANI/PRNewswire)

DISCLAIMER


(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

image
Business Standard
177 22