Japanese drone major ACSL ties up with India’s Arc Ventures

NEW DELHI: Japan’s largest drone manufacturer, ACSL, is entering the Indian market in collaboration with Delhi-based Arc Ventures. The JV company, ACSL India, has been formed with an initial investment of $3.5 million from the two partners and will set up manufacturing units across India, the first of which will be ready in Coimbatore by this October. Arc Ventures MD Arjun Aggarwal told TOI his group is also planning to enter the upcoming drone taxi and drone ports space in India.
“We plan to make in India for the world. Arc Ventures will initially invest about Rs 300 crore in developing its drone ecosystem that will include manufacturing them; maintenance and repair; developing the software and on skilling personnel to operate them. Our drones will meet the requirements of industry and governments,” Aggarwal said.
Arc Ventures, he added, is already working with a number of governments and is in talks with some other countries too. “ACSL is a leading developer of secure and…