News from IDEF:
India's DCM Shriram buys 30% stake in Turkish drone maker
DCM Shriram is investing $1 million in Zyrone Dynamics
DCM Shriram signed a partnership deal with Turkey's Zyrone Dynamics on the sidelines of the International Defense Industries Fair (IDEF) in Istanbul.
DCM Shriram is investing $1 million in Zyrone Dynamics, taking a 30 per cent stake in the company. Murat Kanber, co-founder of Zyrone Dynamics, was quoted by Turkey's
Anadolu Agency as saying, "Both sides’ expectation is the creation of products for civilian use, especially for cargo transportation... Now Zyrone will sell its products to India and its neighbors in the Asian market, after which it also hopes to export drones to Europe and Australia."
Speaking on behalf of DCM Shriram, Rudra Shriram said
"The partnership is more than just an investment; it is about creating a global UAV company for various applications in civilian and military fields."
Zyrone Dynamics specialises in the manufacture of small rotary-wing drones. Zyrone Dynamics has been promoting small drones that it calls 'variable volume' UAVs.
DCM Shriram is investing $1 million in Zyrone Dynamics
www.theweek.in
www.zyrone.com
Going by the website, seems to be an up-and-coming company. Probably wise to invest at this stage itself from an economic perspective.