On September 30, 2021, the Production-Linked Incentive (PLI) Scheme for drones and drone parts was announced. On July 6, 2022, a preliminary list of 23 PLI beneficiaries was made public. Twelve drone manufacturers and eleven drone component producers are among the winners.
Over the course of three fiscal years beginning in 2021–22, the government would offer an incentive of Rs. 120 crore (US$ 15 million). The incentive for 2021–2022 will be paid out in 2022–2023 following an examination of the beneficiaries' financial results.
The following requirements have been established for producers of drones and drone component parts:
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.