Akshata Sharma
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Listed drone maker ideaForge plans to bolster its presence in the US and enter new markets to expand its exports
In its annual report for 2023-24 (FY23), ideaForge chairman Srikanth Velamakanni said that the startup is "intensifying" efforts to enable exports to North America and "other key regions".
While it already has a fully-owned subsidiary in the US, the report said that the company is also focussing on expanding its operations to Canada.
ideaForge cofounder and CEO Ankit Mehta said that the drone manufacturer has identified North America as its "next frontier" for "active" investments to expand its footprint.
Besides India, ideaForge also has operations in Bhutan, Nigeria and the US.
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