The production-linked incentive (PLI) scheme for drones won’t solely enhance home manufacturing of drone and drone parts but in addition herald new use circumstances and functions throughout numerous sectors, trade consultants mentioned.
The Union authorities on Wednesday had authorized a PLI scheme for drones and drone parts with an allocation of Rs 120 crore unfold over three monetary years.
Paras Jain, founder, and Chief Government Officer of Indo Wings mentioned the approval of the PLI scheme for drones will deliver great advantages for all of the sectors of the economic system.
“…this is able to open many extra verticals for the utilisation of drones…It was encouraging to see the federal government’s consideration of startups within the drone ecosystem resulting from which they’ve saved the income requirement of solely Rs 2 crore for MSMEs ( Micro, Small & Medium Enterprises) to avail PLIs,” he mentioned.
The Centre has saved the eligibility norm for MSME and startups by way of annual gross sales turnover at a nominal degree — Rs 2 crore (for drones) and Rs 50 lakh (for drone parts) — to widen the variety