Flying High: Drone Manufacturing Among 14 Sectors Chosen for PLI Scheme Incentives

Photo by Aaron Burden on Unsplash

India is switching gears in domestic manufacturing and is flying towards its investment commitments at full throttle.

Taking another leap towards ‘Aatmanirbhar Bharat,’ the Production-Linked Incentive (PLI) Scheme has generated investment commitments of ₹2.34 lakh crore across 14 sectors. This is a major step towards boosting local manufacturing. Drone Manufacturing and Drone Components is the newbie that attracted substantial interest.

Winner Board

Amongst the beneficiaries of the PLI scheme are automobile and auto components, advanced chemistry cell batteries, specialty steel and high-efficiency solar panels.

The government is banking on this investment to deliver an output worth Rs 28.15 lakh crore and produce 6.45 million new jobs over the next 5 years.

Look Who Stole the Show!

5 drone manufacturers and 9 drone component manufacturers managed to make their mark in the drone PLI scheme.

To name a few, Elbit Advanced System Limited – a JV between Adani Defence & Aerospace and Elbit Systems, Israel – is among the top names in the PLI shortlisting. Other drone companies hustling for the spot are Paras Aerospace, Alpa Design Technologies, Inventgrid India and others.

There are conditions, of course.

The lucky ones will be eligible for the PLI scheme provided they generate an annual sales turnover (Rs 2 crore for drone companies and Rs 50 lakh for drone components manufacturers). Value addition of over 40% sales turnover is also expected of them.

The Ministry of Civil Aviation invited applications in March and has released a provisional list of the PLI beneficiaries for now. Two months from now, June 30th is when the D-day comes and the final list of PLI beneficiaries will be released.

Too long? Here’s a one-liner: Drone sector among the 14 sectors chosen for PLI scheme incentive; JV Adani and IdeaForge among the shortlisted drone companies.

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