Aviation Ministry Allocates Rs 300 Mn for Drone PLI

08 May 2024 CW Team

The Aviation Ministry has disbursed Rs 300 million under the Production Linked Incentive (PLI) scheme for drones and their components. This allocation aims to bolster the development and manufacturing of drones in India and promote the country's capabilities in the emerging drone technology sector.

The PLI scheme for drones and their components was launched as part of the government's efforts to boost domestic manufacturing and reduce dependence on imports in critical sectors. By providing financial incentives, the scheme encourages investment and innovation in drone technology, fostering the growth of a vibrant ecosystem for drone manufacturing and development in the country.

The disbursement of Rs 30 crore underscores the government's commitment to supporting the development and adoption of drones for various applications, including surveillance, logistics, agriculture, and disaster management. Drones have the potential to revolutionise several industries by offering cost-effective and efficient solutions for various tasks and operations.

The funds allocated under the PLI scheme will support drone manufacturers and component suppliers in scaling up their production capabilities, investing in research and development, and enhancing their competitiveness in the global market. Additionally, the scheme is expected to generate employment opportunities and stimulate economic growth in the drone technology sector.

As India strives to leverage the transformative potential of drones, initiatives like the PLI scheme play a crucial role in accelerating the adoption and deployment of drone technology across different sectors. The disbursement of funds by the Aviation Ministry marks a significant milestone in the government's efforts to promote indigenous manufacturing and innovation in the drone ecosystem.

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