PLI scheme for drone and drone components
The Central Government approved a PLI scheme for drones and drone component to attract investment into the business of drone manufacturing in India. The outlay for this scheme is Rs.120 crore for the three fiscal years. It is expected to create around 10,000 direct jobs and attract investments over Rs.5,000 crore over the next three years.
The newly approved scheme, along with the liberalized drone rules, are expected to significantly increase India’s drone manufacturing capability. It is estimated that the annual sales turnover of the drone manufacturing industry will increase from Rs.60 crore in 2020-21 to about Rs.900 crore by 2023-24.
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