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Colab Platforms Ltd enters into non-binding MoU with RRP Drones Innovation Pvt Ltd

Posted On : 2025-09-17 23:31:23( TIMEZONE : IST )

Colab Platforms Limited ("Colab" or the "Company"), a BSE-listed diversified technology platform, today announced its strategic foray into the fast-growing drone technology sector through a nonbinding Memorandum of Understanding (MoU) with RRP Drones Innovation Private Limited, RRP Group Company ("RRP Drones").

The proposed partnership aims to establish a Special Purpose Vehicle (SPV) for the development, manufacturing, and deployment of AI-powered autonomous drones with applications spanning Border Security surveillance, Industrial sites, Law Enforcement, Agriculture & Environment Protection.

This marks Colab's entry into an entirely new technology vertical that aligns with its strategy of building future-ready platforms in sunrise industries. By joining hands with RRP Drones, Colab is expanding from digital, sports, fintech and esports platforms into aerospace & drone technology, a sector projected to scale rapidly in India and globally.

Global commercial drone market is expected to reach US$55-90 billion by 2030, at a CAGR between 7.7%-14.3%.

In India, the drone sector is estimated to touch ₹1.95 lakh crore (~US$23B) by 2030, supported by government incentives, PLI schemes, and agriculture adoption initiatives.

Government support, including the PLI scheme for drones (₹120 crore) and the Kisan Drone subsidy program, provides a strong foundation for scaling adoption across industries.

Commenting on the development, Mr. Puneet Singh, Managing Director of Colab Platforms Limited said: "This partnership represents Colab's entry into a strategic new frontier. Drone technology is at the intersection of AI, robotics, and national priorities like security and agri-productivity. Through this collaboration, Colab aims to create sustainable value for its stakeholders by tapping into a governmentsupported, high-CAGR sector."

Anay Rajendra Chodankar, Director of RRP Drones Innovation Private Limited, added, "Partnering with Colab positions us to accelerate manufacturing, software roadmaps, and commercial deployments across surveillance and agriculture. We look forward to converting pilot success into scaled, multi-year programs".

This partnership foes beyond technology- it is about creating tangible solutions for real world challenges.

The autonomous aerial surveillance will help protect critical infrastructure, enhance law enforcement, revolutionize Agriculture and strengthen our defense and national security.