Govt to provide incentive under PLI scheme
Technology

Govt to provide incentive under PLI scheme

The Production-Linked Incentive (PLI) scheme for drones and drone components was notified on 30th September 2021. A provisional list of 23 PLI beneficiaries was released on July 6, 2022. The beneficiaries include 12 drone manufacturers and 11 drone component manufacturers. The list of shortlisted drones and drone component manufacturers is in Annexure.

The eligibility criteria which have been set for drones and drone component manufacturers are as follows:

(i) Eligibility norms for Micro, Small and Medium Enterprises (MSME) and startups are specified are as Rs 2 crore of annual sales revenue for drone manufacturers and Rs 50 lakh of annual sales revenue for drone component manufacturers.

(ii) Eligibility norm for non-MSME has specified as Rs 4 crore of annual sales revenue for drone manufacturers and Rs. 1 crore of annual sales revenue for drone component manufacturers.

(iii) Minimum value addition is specified as 40% of net sales

The Government is providing a total incentive of Rs 120 crore spread over three financial years starting 2021-22. The incentive for 2021-22 will be payable in 2022-23 after scrutiny of the financial results of the beneficiaries.

This information was given by the Minister of State in the Ministry of Civil Aviation (Gen. (Dr) VK Singh (Retd) in a written reply to a question in Rajya Sabha.

The Production-Linked Incentive (PLI) scheme for drones and drone components was notified on 30th September 2021. A provisional list of 23 PLI beneficiaries was released on July 6, 2022. The beneficiaries include 12 drone manufacturers and 11 drone component manufacturers. The list of shortlisted drones and drone component manufacturers is in Annexure. The eligibility criteria which have been set for drones and drone component manufacturers are as follows: (i) Eligibility norms for Micro, Small and Medium Enterprises (MSME) and startups are specified are as Rs 2 crore of annual sales revenue for drone manufacturers and Rs 50 lakh of annual sales revenue for drone component manufacturers. (ii) Eligibility norm for non-MSME has specified as Rs 4 crore of annual sales revenue for drone manufacturers and Rs. 1 crore of annual sales revenue for drone component manufacturers. (iii) Minimum value addition is specified as 40% of net sales The Government is providing a total incentive of Rs 120 crore spread over three financial years starting 2021-22. The incentive for 2021-22 will be payable in 2022-23 after scrutiny of the financial results of the beneficiaries. This information was given by the Minister of State in the Ministry of Civil Aviation (Gen. (Dr) VK Singh (Retd) in a written reply to a question in Rajya Sabha.

Next Story
Infrastructure Urban

Patel Engineering Secures Two Projects Worth Rs 20.37 Billion

Patel Engineering Ltd has secured two important infrastructure projects valued at Rs 20.37 billion. The company received an order from the City and Industrial Development Corporation of Maharashtra Ltd (CIDCO) for dam construction and associated works in Maharashtra. The project will be executed over a period of 42 months. Another project, awarded by the North Eastern Electric Power Corporation Ltd (NEEPCO), involves the development of a 240 MW hydropower project in Arunachal Pradesh. The project scope includes civil construction, testing, commissioning, and installation of hydro-mechanical e..

Next Story
Infrastructure Urban

M B Patil Seeks Centre’s Support For Karnataka’s Industrial Growth

Karnataka’s Minister for Large and Medium Industries M B Patil has urged the central government to support the state in strengthening freight corridors and logistic infrastructure. He was speaking at a round table on ‘Focussing on the Steel Sector in the State of Karnataka’ during the 6th edition of India Steel-25, an International Conference-cum-Exhibition organised by the Ministry of Steel. Patil highlighted Karnataka’s contribution of 15 per cent to India’s steel production and the efforts by the state government to promote cluster-based development, integrated industrial corrido..

Next Story
Infrastructure Energy

EdgePoint Towers Launches First Solar Hybrid Telecommunications Site

EdgePoint Towers Sdn Bhd, part of EdgePoint Infrastructure, has launched its first solar hybrid site in Malaysia, advancing renewable energy integration in the telecommunications sector. The deployment marks a major step towards sustainable energy solutions, providing up to 100 per cent of the energy required to operate telecommunications equipment. The site, with a 5.9-kilowatt peak (kWp) capacity, operates autonomously using photovoltaic energy supported by battery storage. This hybrid system significantly reduces dependence on diesel fuel, aiming to cut annual carbon emissions by around 78..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?