March 11, 2022
The PLI scheme for drones and drone components has an allocation of INR 120 crore spread over three financial years
The incentive for manufacturers of drones and drone components will be 20% value addition made by the company
More than one company within a group of companies may file separate applications under this PLI scheme
The Indian drone industry is expected to have a total turnover of up to INR 15,000 crore by 2026
The Civil Aviation Ministry has invited applications for the production-linked incentive (PLI) scheme from the drone industry. The PLI scheme for drones and drone components, announced in 2021, has an allocation of INR 120 crore spread over three financial years. The deadline for submission of applications is March 31, 2022.
Under the PLI scheme, the incentive for a manufacturer of drones and drone components will be 20% 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 after deducting the purchase cost of drone and drone components. All costs are net of the gross service tax (GST)
More than one company within a group of companies may file separate applications under this PLI scheme and the same will be evaluated independently. However, the total PLI payable to such applicants shall be restricted at 25% of the total financial outlay.
As per Aviation Minister Jyotiraditya Scindia, the Indian drone industry is expected to have a total turnover of up to INR 15,000 crore by 2026 aided by the PLI scheme.