Chennai: The State government has given its approval for establishing the Tamilnadu Unmanned Aerial Vehicles Corporation (UAVC) in partnership with Madras Institute of Technology, Anna University.
The 100 per cent government-owned company with a registered office at Directorate of Technical Education (DoTE), Guindy, and a functional office on MIT campus in Chrompet, has been set up with Rs 10 crore as authorised paid-up capital, divided into one crore equity shares of Rs 10 each.
The board of directors will be headed by Higher Education Secretary D Karthikeyan.
The main objectives are: To carry on business of designing, manufacturing, and trading in all types of drones and allied systems, including multi-mission airborne drones, unmanned aerial systems, electrical mini airborne drone, mini gasoline airborne drone for log operations, aerial intelligence/surveillance for fire fighting for search and rescue operations, mini long-endurance electrical vertical take-off and landing, unmanned aerial vehicle, low weight targeting system for low altitude tactical surveillance, reconnaissance and target acquisition missions from manned or unmanned airborne platforms and also product development/service support solutions.