Business Munchies: Drones Taking Off, Account Aggregators, Cold Calls

Sep 12, 2021

Ask episode

Chapters

Transcript

Episode notes

Sahil (@sahil071) and Siddharth (@sidbetala) hang out and discuss various ideas on this episode of Business Munchies. Support us and show us your love by buying us a some beer/chai on this link.

Timeline:
(00:0) - Introduction
(1:28) - Drone Market in India
(25:43) - Account Aggregator Framework of India Stack
(37:42) - How to get rid of Annoying Cold Calls for Loans and Real Estate
(42:34) - Business Digitisation Course Update

Business Ideas:

Drone Market in India - The regulations around Drones have changed and I have not been more optimistic about any other market in a long time. The drone market is on the brink of explosion.
- "During the next six months we expect at least a 40-time expansion in the number of drones." - Aarav Unmanned Systems CEO Vipul Singh
- The Drone Rules, 2021 came out in July 2021 superseded the previous rules from March 2021, Unmanned Aircraft System Rules (UAS Rules), 2021.
- Global drone market seen exceeding $24 billion by 2022 - banned in 2014 after an entrepreneur attempted to deliver pizzas using a drone.
- The Drone Rules 2021, which deal with drones of up to 500 kg, has introduced clarity to the industry - Number of permissions have been dropped from 25 to 5
- Endless Opportunities
  - Checking electric lines, gas pipelines, etc. for leaks or faults. Give example of reliance using helicopter for this work.
  - Mapping - will make mapping of tough terrain much easier.
  - Installation of equipment in tough terrain.
  - Defence applications.
  - Content about Drones!
  - 3,000 drones will be needed to implement government mega-projects like SVAMVITVA, which involves creating and digitising land records for India’s 6.6 lakh villages.
  - huge numbers of drones will be needed for schemes like the Pradhan Mantri Fasal Bhima Yojana, the government-sponsored crop insurance scheme.
  - You’ll see the first drone prototype air-taxi being built out of India in less than 12 months
  - drones delivering medicines to rural areas and ferrying 200-300 kg of cargo between adjacent cities like Mumbai and Pune
  - new rules could also result in India becoming a drone manufacturing hub. Says Singh: “The government’s saying you can use India as a manufacturing location. If you’re manufacturing a drone that’s not meant to be operated in India, you don’t need any permission or certification to do it.”
  - Airspace map - interactive map where they can and cannot go. Red, yellow and green zones. This is going to be accessible through API's - business opportunity to build stuff using these API's.
    - These maps will keep changing as per government requirements.
    - Business Ideas -
      - use the api to build the backend for a drone delivery service, will be needed in the future.
      - simple community project - use the API to send push notifications if a place close to them has opened up for flying.
  - Drone pilot licenses will be required to fly drones -
    - start a drone training school - there will be a huge demand for getting drone pilot licenses in the future.
    - Get a drone license for the higher levels and become a high level drone pilot.
    - service business - Corner the market on the people with drone pilot licenses in India and start a service to rent out their time for whatever is required.
  - Get into Drone Insurance. This is going to be a brand new market where traditional players will be confused and you could have a first mover advantage
- Drone manufacturers in India: https://tropogo.com/india-guide/drone-ecosystem-india