Government approved a drone PLI scheme worth INR 120 crore

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The Ministry of Civil Aviation (MoCA) has issued guidelines for the production-linked incentive (PLI) scheme for drone manufacturers and drone component manufacturers.

The MoCA has announced an INR 120 Cr fund allocation for companies manufacturing drones and drone components between FY23 and FY25 in order to support the indigenous drone industry. Definitions, qualifications and application eligibility, online portal project management agency (PMA) details, and other topics are covered in the guidelines. The PLI Scheme was first introduced in September 2021 and would provide drone manufacturers and related software with a 20% incentive over the value addition. So far, the MoCA has identified 12 drone manufacturers and 14 drone component manufacturers as PLI Scheme beneficiaries.

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Government approved a drone PLI scheme worth INR 120 crore

The Ministry of Civil Aviation (MoCA) has issued guidelines for the production-linked incentive (PLI) scheme for drone manufacturers and drone component manufacturers.

The MoCA has announced an INR 120 Cr fund allocation for companies manufacturing drones and drone components between FY23 and FY25 in order to support the indigenous drone industry. Definitions, qualifications and application eligibility, online portal project management agency (PMA) details, and other topics are covered in the guidelines. The PLI Scheme was first introduced in September 2021 and would provide drone manufacturers and related software with a 20% incentive over the value addition. So far, the MoCA has identified 12 drone manufacturers and 14 drone component manufacturers as PLI Scheme beneficiaries.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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