CSC Group-India announces Letter of Intent with Drone Delivery Canada
MUMBAI: CSC DRONE AVIATION - a CSC Group Company is pleased to announce that it has executed a Letter of Intent ("LOI"), with Drone Delivery Canada Corp. ("DDC"), with the assistance of DDC's sales agent Air Canada, effective November 12th, 2020.
Under the terms of the LOI, the parties shall cooperate and work jointly with the local regulator (Directorate General of Civil Aviation) and shall work together to identify and analyze market opportunities in India for DDC's Condor drone delivery solution with the intent to work towards a definitive agreement for that market.
"Diwali symbolizes victory, goodness, knowledge and prosperity, so during the auspicious period of Diwali, we are honoured to announce joining forces with Drone Delivery Canada to work towards bringing their advanced drone delivery solution to the enormous Indian market. Their solution, especially with the capabilities of the Condor, addresses many commercially viable use cases from commercial/industrial delivery applications to social benefit applications like healthcare," said Mr. Tushar Jani, Chairman of CSC Group.
"We are pleased to be working with CSC Group towards an agreement for DDC's Condor drone logistics solution in India. With a population of 1.4 billion people(1), and the world's 3rd largest GDP at USD$8.7 trillion(2), India is a massive logistics market, so there are numerous potential applications for the Condor, from first-mile / last-mile cargo delivery, to oil & gas, mining, government, military, healthcare, humanitarian aid and infrastructure inspection services. We are very encouraged by the strong Canadian and international interest in the Condor as we work towards its commercialization and the finalization of testing," said Michael Zahra, President & CEO of DDC.