Drone Destination Expands to Europe with New Cyprus Subsidiary
Drone Destination, a prominent Indian company specializing in drone technology and training, has unveiled its plan to establish a European subsidiary in Cyprus. This development was announced during Prime Minister Narendra Modi's recent visit to Cyprus, highlighting India's expanding role in the international drone market.
The new entity based in Cyprus will aim to develop a comprehensive drone ecosystem covering areas such as drone design, services, pilot training, and drone sports. This venture is designed to serve not only Europe but also extend its reach to the Middle East and North Africa (MENA) region. The initiative is consistent with India's ambition to become a leading global drone hub by 2030.
India's High Commissioner to Cyprus, Manish, expressed support for the initiative, stating, “We welcome Indian companies like Drone Destination to invest in Cyprus, particularly in future-ready sectors such as drone technology and artificial intelligence. This complements Prime Minister Narendra Modi’s vision to make India a drone hub for the world by 2030, and Cyprus can serve as an ideal gateway for such innovations into Europe.”
Marios Tannousis, CEO of Invest Cyprus, highlighted that the project would not only stimulate the local economy but also enhance Cyprus's reputation as a reliable global innovation center. “Drone technology is reshaping defence, infrastructure monitoring, agriculture, logistics, environmental monitoring, STEM education and even entertainment. By creating a secure, sovereign, and innovation-led drone hub envisaged by Drone Destination, Cyprus can lead in this critical sector for Europe and its global partners.”
Drone Destination has confirmed ongoing discussions with both government and private entities to establish a cutting-edge drone ecosystem in Cyprus. The company views this as a chance to enhance sovereign capabilities, attract foreign direct investment, and foster innovation driven by policy.
Alok Sharma, Chairman of Drone Destination, commented, “We are proud to bring India’s proven experience in drone services and pilot training to this initiative. Together, we can build a global centre that combines India’s scale and innovation with Cyprus’s strategic location, IP protection, and policy clarity.”
This announcement signifies a new phase in India's drone diplomacy and strengthens the economic collaboration between India and Cyprus, particularly in the advanced sectors of technology and innovation.
