PLI in drone manufacturing: Govt expects scheme to attract investments of Rs 5,000 crore in 3 years

pli in drone manufacturing govt expects scheme to attract investments of rs 5000 crore in 3 years

Sumary of PLI in drone manufacturing: Govt expects scheme to attract investments of Rs 5,000 crore in 3 years:

  • The central government today announced a Production-Linked Incentive (PLI) scheme for the drone industry today that offers an incentive of 20% of the value addition made by a manufacturer of drones and drone components.
  • The government expects the incentive to see an investment of over Rs 5,000 crore over the next three years beginning current fiscal.
  • “The drones and drone components manufacturing industry may see an investment of over Rs 5,000 crore over the next three years.
  • The annual sales turnover of the drone manufacturing industry may grow from Rs 60 crore in 2020-21 fold to over Rs 900 crore in FY 2023-24. The drone manufacturing industry is expected to generate over 10,000 direct jobs over the next three years,” the aviation ministry said in a statement.
  • The government has allocated a total amount of Rs 120 crore for the PLI scheme for drones and drone components spread over three financial years.

Want to know more click here go to source.

From -

Close
Generic selectors
Exact matches only
Search in title
Search in content

Site Language


By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close