The drone service sector holds tremendous promise and will provide about one lakh jobs in the next four-five years, Aviation Minister Jyotiraditya Scindia said on Friday.<\/p>\n
“We took out a productivity-linked scheme for the drone sector where a nascent industry of drone manufacturing — which had a total revenue of Rs 60 crore — was given an incentive of Rs 120 crore over the next three years,” the minister said in his speech at an event organised by the Indo-American Chamber of Commerce (IACC).<\/p>\n
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.<\/p>\n
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.<\/p>\n
The ministry has released the names of 14 drone companies selected as beneficiaries of the PLI scheme.<\/p>\n
Scindia said on Friday, “We look at a rapid expansion of almost Rs 5,000 crore in terms of investment into the drone manufacturing space.”<\/p>\n
“The drone service sector…we are looking at the creation of 1,00,000 jobs over the next four-five years. It is an area of tremendous promise,” he added.<\/p>\n
India is undergoing rapid urbanisation and 75 per cent of our national income is going to come from cities by 2031, he said, adding transport and logistics will be playing a pivotal role in deciding India’s destiny in the coming decade.<\/p>\n
The country, he said, has roughly 140 airports right now and the government plans to increase them by 50 per cent in the next four-five years.<\/p>\n
The country will increase its commercial fleet size from 710 planes currently to 1,200 aircraft in the coming five years, he mentioned.<\/p>\n
The government is also looking to rapidly expanding its flying training organisations and will increase their numbers from 34 to 58 in the coming few years, he said.<\/p>\n
The global aircraft component industry is going leaps and bounds in India, he said.<\/p>\n
Boeing is currently importing aircraft components worth USD 1 billion (one billion =10,000 lakhs) from India and Airbus is currently importing aircraft components worth around USD 650 million from India, he said.<\/p>\n","protected":false},"excerpt":{"rendered":"
The drone service sector holds tremendous promise and will provide about one lakh jobs in the next four-five years, Aviation Minister Jyotiraditya Scindia said on Friday. “We took out a productivity-linked scheme for the drone sector where a nascent industry of drone manufacturing — which had a total revenue of Rs 60 crore — was given an incentive of Rs 120 crore over the next three years,” the minister said in his speech at an event organised by the Indo-American Chamber of Commerce (IACC). Under the PLI scheme that was announced last year, the incentive for a manufacturer of drones […]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[229],"tags":[],"class_list":["post-486094","post","type-post","status-publish","format-standard","hentry","category-civil-aviation"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/486094","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=486094"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/486094\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=486094"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=486094"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=486094"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}