PLI Scheme for Drone Sector: Government has sought applications from companies for the second round

Second Round of PLI Scheme for Drone Sector

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The government plans to make India a hub of the drone sector by 2030. For this, the government has announced the PLI scheme. Companies making drones and drone equipment will be given 20 percent incentive of value addition for the next three years.

Ministry of Civil Aviation production incentives ,PLI Scheme) Drones in the country under the scheme (Drone) Inviting applications for the second round for promotion of manufacturing. The first round of applications under the PLI scheme were invited on March 10, 2022. Its results were declared on 20 April. Under this the Adani Group (Adani Group12 companies were selected, including Idea Forge Technology, a joint venture with Israeli company Elbit. The ministry said on Thursday that the second round of applications is for those drone equipment and drone manufacturers who have crossed the PLI eligibility limit for the entire financial year 2021-22. According to the ministry, the last date for submission of applications for the second round is The date is May 20. The final list of PLI beneficiaries can be released by June 30 after detailed scrutiny of the financial results and other documents of the applying companies.

Names can be released till June 30

According to the Ministry of Civil Aviation, applications can be submitted till midnight on May 20 and it is estimated that after checking all the documents, the list can be issued by June 30, 2022. Earlier on April 20, the ministry had released the list of 14 PLI beneficiaries. This includes 5 drone manufacturers and 9 drone parts manufacturers. The PLI scheme was introduced on 16 September last year. Through this, 20 percent incentive of ‘value addition’ will be given to the companies making drones and drone equipment for the next three years. According to the ministry, a total incentive of Rs 120 crore will be given during this period. This amount is twice the combined business of all indigenous drone manufacturers in the financial year 2020-21.

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Plan to make India a hub of Drone Sector

The government plans to make India a hub of the drone sector by 2030. For this, along with the PLI scheme, the government has also taken many other necessary steps. The government has already simplified the rules related to drones. Recently, Civil Aviation Minister Jyotiraditya Scindia had said that there is immense potential in the drone service sector and this sector will provide employment to about one lakh people during the next four-five years. Scindia said at an event of the Indo-American Chamber of Commerce (IACC) that the drone sector is expanding rapidly and we are expecting an investment of about Rs 5,000 crore in its manufacturing. We are expecting to create 100,000 jobs in the next four to five years in the drone services sector. There is immense potential in this field. The government has also announced farmer drones in the budget.