Drone Delivery Canada signs LoI with CSC Group in India
They will work together to identify and analyse market opportunities in India for DDC’s Condor drone delivery solution with the intent to work towards a definitive agreement for that market.
Drone Delivery Canada Corp (DDC) with the assistance of its sales agent Air Canada has executed a Letter of Intent, with CSC DRONE AVIATION – a CSC Group Company in India and it will be effective November 12, 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 analyse market opportunities in India for DDC’s Condor drone delivery solution with the intent to work towards a definitive agreement for that market.
“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, and the world’s third largest GDP at USD$8.7 trillion, 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 commercialisation and the finalisation of testing,” said Michael Zahra, president and CEO, DDC.
“Diwali symbolises 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 Tushar Jani, chairman, CSC Group.