The Business Bytes
Chennai, November 5, 2024 (TBB Bureau): In a milestone development for the agricultural sector, Garuda Aerospace, one of India’s premier drone manufacturers, has signed a Memorandum of Understanding (MoU) with CYOL (Pvt) Ltd., Sri Lanka’s advanced agricultural technology leader, to revolutionize farming practices across Australia, Africa, and Asia. The MoU was formalized at CYOL’s headquarters in Colombo, Sri Lanka, marking a new era in precision farming and sustainable agricultural innovation.
The MoU was signed by Chamitha Ranneththi, Chairman and Director of CYOL, along with Sanjeewa Dissanayake, S. Mahendran, and Vincent Renold, Directors of Garuda Aerospace Ceylon Pvt. Ltd. This strategic alliance not only strengthens Garuda’s foothold in South Asia with its Sri Lankan launch but also broadens its reach into diverse international markets. Garuda Aerospace, known for its expertise in agricultural drones, surveillance, and defense systems, will join forces with CYOL’s advanced software capabilities to deliver cutting-edge solutions to farmers worldwide.
Agnishwar Jayaprakash, Founder and CEO of Garuda Aerospace, remarked on the significance of the partnership: “This collaboration with CYOL is a pivotal step in advancing technological innovation for agriculture across key regions. By merging our drone technology with CYOL’s powerful software solutions, we aim to empower farmers with tools that drive productivity and sustainability in an increasingly data-driven world.”
The partnership integrates Garuda’s state-of-the-art drones with CYOL’s software, creating a unified platform for precision farming, crop monitoring, and real-time data analytics. This initiative is set to provide farmers with actionable insights for optimizing resources, improving crop yields, and addressing the challenges of modern agriculture.
Chamitha Ranneththi, Chairman of CYOL, highlighted the transformative potential of the partnership, stating, “Our collaboration with Garuda Aerospace is a game-changer for agriculture, bringing the latest innovations in drone and software technology to farmers. Together, we are committed to enhancing productivity and sustainable practices, which are essential for the agricultural sector’s future.”
The collaboration also positions the companies to offer comprehensive solutions that address small-scale farms to large commercial operations, tailoring technology to local needs. The partnership will promote the adoption of sustainable practices and set the stage for a “smart farming” revolution, utilizing drones, advanced software, and data analytics to drive agricultural innovation.
Garuda Aerospace’s Sri Lankan expansion and CYOL’s strategic presence across Asia, Africa, and Australia underscore the companies’ shared vision of a tech-enabled agricultural future. This partnership signifies a forward leap toward a global farming landscape where farmers have the tools to thrive amid evolving challenges.
