Adani JV, IdeaForge among 14 firms selected as beneficiaries of PLI scheme for drone manufacturing
Adani’s joint venture company with Israeli firm Elbit as well as IdeaForge Technology are among the 14 drone companies that have been selected as beneficiaries of the production-linked incentive (PLI) scheme to boost drone manufacturing in India, the aviation ministry said on Wednesday.
Under the PLI scheme that was announced last year, the incentive for a manufacturer of drones and drone components will be 20 per cent of the “value addition” made by the company during the next three years.
The value addition is calculated as the annual sales revenue from drones and drone components (net of GST) minus the purchase cost (net of GST) of drone and drone components.
