The drone industry was encouraged to apply for the sector’s production linked incentive (PLI) scheme, which was launched by the federal government.
The scheme’s overall incentive is Rs 120 crore, spread out over three years and nearly twice the aggregate turnover of all domestic drone manufacturers in FY 2020-21.
Furthermore, the PLI rate is 20% of the value added.
“The annual sales revenue from drones and drone components minus the purchasing cost of drones and drone components should be assessed as the value addition,” an official communique said.
“Instead of 50%, the minimum value addition norm for drones and drone components is 40%, which is an extraordinary treatment for drones.”
