IndiaTechDesk - India's Leading Tech and Startup Media Publication
  • Home
  • TOPICS
    • AI & Big Data
    • AR & VR
    • Blockchain
    • Business
    • Clean Technology
    • Content & Games
    • Cybersecurity
    • Ecosystem & Lists
    • Enterprise & SaaS
    • FinTech
    • Gadgets & Electronics
    • Health & Bio
    • Investments
    • IoT
    • Marketplaces & E-commerce
    • Robotics
    • Transportation & Logistics
    • enterprise
    • SaaS
  • Venture capital
  • Events
  • Lists
No Result
View All Result
  • Home
  • TOPICS
    • AI & Big Data
    • AR & VR
    • Blockchain
    • Business
    • Clean Technology
    • Content & Games
    • Cybersecurity
    • Ecosystem & Lists
    • Enterprise & SaaS
    • FinTech
    • Gadgets & Electronics
    • Health & Bio
    • Investments
    • IoT
    • Marketplaces & E-commerce
    • Robotics
    • Transportation & Logistics
    • enterprise
    • SaaS
  • Venture capital
  • Events
  • Lists
No Result
View All Result
IndiaTechDesk - India's Leading Tech and Startup Media Publication
No Result
View All Result
Home Gadgets & Electronics

Government of India’s Drone PLI Scheme to Buoy the Sector towards Future Growth

IndiaTechDesk Editor by IndiaTechDesk Editor
September 17, 2021
in Gadgets & Electronics
55 3
0
Drone
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

In its attempt to hit the major milestone of making India a Drone hub by 2030, the Union Cabinet cleared the production-linked incentive (PLI) scheme on September 15, 2021. Under the Scheme, drones and drone components manufacturers will receive a 20 percent incentive.

The PLI scheme follows on the heels of the recently announced liberalized drone policy that has made owning and operating drones easier will provide positive impetus to the sector.

“Currently, 90 percent of drones in use in India are imported. There is no component ecosystem in the country and most of the major components are imported, especially from China,” said Ameet Nichani, owner of Ascom Systems, which designs and develops drones

“The government is giving the deserved recognition to the drone industry. It will now be upon local manufacturers to produce world-class products and scale up their research and development,” added Ameet.

Salient features of the Scheme

Under the scheme government has allocated INR 120 crore for the drone industry spread over three financial years. The amount is nearly double the combined turnover of all domestic drone manufacturers in fiscal 2020-21, the government said in a press release.

Manufacturers will receive incentives of up to 20 percent on the value addition made by them, which will be calculated by subtracting the purchase cost of drone and drone components from annual sales revenue.

Unlike other sectors where the PLI rate reduces every year, the government will retain the PLI rate for drone manufacturing at 20 percent in all three years.

“This Scheme is a welcome step to incentivize drone manufacturing and allied industries. It will provide the much-needed impetus to the sector and boost research and innovation, especially in drone components. It is good to see that the Union government is adopting and adapting to global technological advancements, especially in the UAV sector,” said Wing Commander S Vijay (Veteran), Chief Operating Officer, Skye Air Mobility.

Today some of the most exciting potential applications come from the use of drones in healthcare and medical deliveries. Drones are effectively changing the game in almost all industry and a look at the data will show how this sector will be dominant by 2025.

Eligibility

MSMEs and startups with an annual sales turnover of Rs 2 crore (for drones) and Rs 50 lakh (for drone components) are eligible for the PLI scheme. Non-MSME firms with an annual sales turnover of Rs 4 crore (for drones) and Rs 1 crore (for drone components) are eligible to get incentives under the Scheme.

The Scheme will also cover developers of drone-related IT products. The Scheme covers many drone components such as airframe, propulsion systems (engine and electric), power systems, batteries and associated components, launch and recovery systems.

It will also include inertial measurement units and navigation systems, ground control stations, flight control modules, and associated components. Drone components used in communications systems such as radiofrequency and transponders are also covered under the Scheme.

Tags: Drone TechnologyIndian startup ecosystemUAV
IndiaTechDesk Editor

IndiaTechDesk Editor

IndiaTechDesk is part of beSUCCESS Media group, focusing on Indian startup and tech news, trends and analysis. Write to us at press@indiatechdesk.com.

Related Posts

Safeware Inc.’s Smart Wearable Airbag C3 at the Edison Awards Ceremony.
Gadgets & Electronics

Safeware’s Innovative Smart Airbag Named World’s Most Innovative Human Safety Product at Edison Awards 2023

April 28, 2023
Garuda Aerospace Secures $22 million in Fresh Funding
Gadgets & Electronics

Garuda Aerospace Secures $22 million in Fresh Funding

February 16, 2023
Mumbai-based Servify Bags $65 million in Funding Round Led by Singularity Growth Opportunity Fund
Gadgets & Electronics

Mumbai-based Servify Bags $65 million in Funding Round Led by Singularity Growth Opportunity Fund

August 25, 2022
Drone
Gadgets & Electronics

Grip Join Hands With AUS, to Offer Lease Financing Opportunities for Drones

March 16, 2022
Drone
Gadgets & Electronics

Indian Government Gets Cracking to Provide Wings to Drone Startups

January 26, 2022
Delhi-based Consumer Electronics Brand boat to file DRHP for its IPO by January End
Gadgets & Electronics

Delhi-based Consumer Electronics Brand boat to file DRHP for its IPO by January End

January 19, 2022
No Result
View All Result

Trending Posts

  • Atlys Secures $12 Million in Series A Funding to Transform Visa Application Process
    Atlys Secures $12 Million in Series A Funding to Transform Visa Application Process
    by MinSeptember 21, 2023
  • 5 Steps to Secure Capital From VC Firms in India
    5 Steps to Secure Capital From VC Firms in India
    by IndiaTechDesk EditorJanuary 28, 2020
  • 5 Most Recent Startup Failures in India
    5 Most Recent Startup Failures in India
    by IndiaTechDesk EditorJanuary 24, 2020
  • 6 Active Angel Investors in India For 2020
    6 Active Angel Investors in India For 2020
    by IndiaTechDesk EditorJanuary 22, 2020
  • Top 5 Low-cost High-profit Business Ideas in India for 2020
    Top 5 Low-cost High-profit Business Ideas in India for 2020
    by IndiaTechDesk EditorJanuary 21, 2020
  • 6 Startup Laws in India You Should Consider To Get Started
    6 Startup Laws in India You Should Consider To Get Started
    by IndiaTechDesk EditorJanuary 20, 2020
  • Top 5 Startup Programs by the Indian Government
    Top 5 Startup Programs by the Indian Government
    by IndiaTechDesk EditorJanuary 17, 2020
  • Top 5 Startup Predictions for India in 2020
    Top 5 Startup Predictions for India in 2020
    by IndiaTechDesk EditorJanuary 15, 2020
  • 5 Biggest Indian Startup Acquisitions of 2019
    5 Biggest Indian Startup Acquisitions of 2019
    by IndiaTechDesk EditorJanuary 14, 2020
  • 5 Best-Kept Secrets of Amazon’s Incredible Success in India
    5 Best-Kept Secrets of Amazon’s Incredible Success in India
    by IndiaTechDesk EditorJanuary 12, 2020




Products

Apple 20W USB-C Power Adapter

Apple MagSafe Battery Pack

Apple AirPods Pro (2nd Generation) Wireless Earbuds

Apple Lightning to USB Cable

ABOUT US

IndiaTechDesk is obsessed with the Indian startup ecosystem, offering intelligent, engaging coverage of the innovations, emerging startups, and entrepreneurship in India.....read more

Follow Us

FREE NEWSLETTER

 

Categories
  • Accelerator
  • Agriculture
  • AI & Big Data
  • AR & VR
  • Bitcoin
  • Blockchain
  • Business
  • Clean Technology
  • Competitions
  • Content & Games
  • Coronavirus
  • Cryptocurrency
  • Cybersecurity
  • E-commerce
  • Ecosystem & Lists
  • Education
  • enterprise
  • Enterprise & SaaS
  • entertainment
  • Events
  • featured
  • FinTech
  • Gadgets & Electronics
  • Gaming
  • Guide
  • Health & Bio
  • Incubator
  • Indian Startups
  • Indian Women
  • Insurance
  • Interviews
  • Investments
  • IoT
  • Manufacturing
  • Market
  • Marketplaces & E-commerce
  • Regulation
  • Robotics
  • SaaS
  • Space Startup
  • Transportation & Logistics
  • Travel
  • Uncategorized
  • Venture capital
  • “Contact: press@indiatechdesk.com”
  • Terms of Use
  • Privacy Policy
  • Cookie Policy
  • About Us

Copyright © 2023 indiatechdesk.com

No Result
View All Result
  • Home
  • TOPICS
    • AI & Big Data
    • AR & VR
    • Blockchain
    • Business
    • Clean Technology
    • Content & Games
    • Cybersecurity
    • Ecosystem & Lists
    • Enterprise & SaaS
    • FinTech
    • Gadgets & Electronics
    • Health & Bio
    • Investments
    • IoT
    • Marketplaces & E-commerce
    • Robotics
    • Transportation & Logistics
    • enterprise
    • SaaS
  • Venture capital
  • Events
  • Lists

Copyright © 2023 indiatechdesk.com

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In