PLI scheme needs expansion for drone development

22 May 2024 CW Team

Drone applications are already well-established in the domains of COVID management, rescue and disaster management, and border surveillance. The research emphasised that the drone services business would soon surpass other comparable industries in terms of scope and operations in areas like traffic control, data processing, and logistics.

The research demonstrated that attaining India's goals requires bolstering the country's drone ecosystem. It stated that other important drivers are government procurement, the expansion of the PLI plan, and the promotion of the Made in India project.

The fields of border monitoring, rescue and disaster management, and COVID management have already seen significant success with drone applications. The study underscored that the drone services sector will quickly eclipse existing analogous businesses concerning scale and functionality in domains such as traffic management, information processing, and transportation.

International businesses from the Middle East, Europe, the UK, the US, and Australia were also contacted for the poll. The International Drone Expo 2024 is a premier event for unmanned aerial vehicles (drones) and its applications, including air taxi, LiDAR, geospatial data, and artificial intelligence. It is one of the largest forums in Asia for connecting customers, industry representatives, and stakeholders from all sectors of the drone business. This year, drones, anti-drone systems, and UAVs (unmanned aerial vehicles) will be the main topics of discussion for a variety of reasons.

Aadhar Bansal, Director of Nexgen Exhibitions, stated that the industry is definitely getting a huge boost because of the Make in India movement and the visionary PLI Scheme of the government. He said that innovations and technological advancements done by Indian Drone Companies have caught the attention of the global markets, and the growth in the Indian drone industry is attracting significant foreign investment.

With an objective of making India a worldwide drone centre, the government must build an ecosystem and expand the production-linked incentive (PLI) programme., as per a Nexgen Exhibitions report. Based on estimates from the Ministry of Civil Aviation, the drone manufacturing sector in India is projected to grow from Rs 0.6 billion in 2020?21 to Rs 9 billion by 2025. Additionally, it stated that between 2024 and 2030, the Indian drone industry is anticipated to expand at a compound annual growth rate (CAGR) of 22.15%.India has the potential to become the world's drone hub by 2030 via innovation and portfolio development. The analysis made clear that strengthening the domestic drone ecosystem is essential to achieving India's objectives. It said that promoting the Made in India programme, expanding the PLI scheme, and government procurement are further significant drivers. Drone applications are already well-established in the domains of COVID management, rescue and disaster management, and border surveillance. The research emphasised that the drone services business would soon surpass other comparable industries in terms of scope and operations in areas like traffic control, data processing, and logistics. The research demonstrated that attaining India's goals requires bolstering the country's drone ecosystem. It stated that other important drivers are government procurement, the expansion of the PLI plan, and the promotion of the Made in India project. The fields of border monitoring, rescue and disaster management, and COVID management have already seen significant success with drone applications. The study underscored that the drone services sector will quickly eclipse existing analogous businesses concerning scale and functionality in domains such as traffic management, information processing, and transportation. International businesses from the Middle East, Europe, the UK, the US, and Australia were also contacted for the poll. The International Drone Expo 2024 is a premier event for unmanned aerial vehicles (drones) and its applications, including air taxi, LiDAR, geospatial data, and artificial intelligence. It is one of the largest forums in Asia for connecting customers, industry representatives, and stakeholders from all sectors of the drone business. This year, drones, anti-drone systems, and UAVs (unmanned aerial vehicles) will be the main topics of discussion for a variety of reasons. Aadhar Bansal, Director of Nexgen Exhibitions, stated that the industry is definitely getting a huge boost because of the Make in India movement and the visionary PLI Scheme of the government. He said that innovations and technological advancements done by Indian Drone Companies have caught the attention of the global markets, and the growth in the Indian drone industry is attracting significant foreign investment.

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