NEW DELHI: The government on Wednesday approved a production-linked incentive (PLI) scheme for drones and drone components.
Together with the liberalised drone rule enacted last month, the aviation ministry expects drone manufacturing to attract investment of over Rs 5,000 crore in the next three years, generating over 10,000 direct jobs over the next three years.
The ministry expects the annual sales turnover of the drone manufacturing industry to grow from Rs 60 crore in 2020-21 to over Rs 900 crore in FY 2023-24.
The PLI scheme allocates Rs 120 crore for drones and drone components spread over three financial years — almost twice the combined turnover of all domestic drone manufacturers in FY 2020-21. The incentive for a manufacturer of drones and drone components will 20% of the value addition.
