New Delhi: India today announced Production-Linked Incentives (PLI) worth for the drone sector, to boost manufacturing capabilities and to act as a catalyst to drive growth.
The PLI scheme was in line with Prime Minister Narendra Modi’s ‘Atmanirbhar Bharat’ vision and over the next three years, will lead to investments worth Rs 5,000 crore ($680-million), increase eligible sales of Rs 1,500 crore ($204-million) and create additional employment of about 10,000 jobs, an official Government of India statement said.
“PLI scheme for drone industry is part of the overall announcement of PLI schemes for 13 sectors made earlier during the Union Budget 2021-22, with an outlay of Rs 197,000 crore,” the statement said.
The PLI Scheme for the drones and drone components industry addresses the strategic, tactical and operational uses of this revolutionary technology, it said.
“A product specific PLI scheme for drones with clear revenue targets and focus on domestic value addition is key to building capacity and making these key drivers of India’s growth strategy.”