The Union Cabinet has approved a Rs 1.2 billion production-linked incentive scheme for drones and drone component manufacturers over three financial years. The scheme is effective from 2021-22 (April-March). Information and Broadcasting Minister Anurag Thakur has said that the scheme is expected to attract an investment of Rs 50 billion in the Indian drone manufacturing sector over the next three years.
The PLI scheme for drones and drone components approved by the Union Cabinet on Wednesday is set to transform communication and trade in the country and impact the lives of millions of Indians. With this, one can say that delivery of COVID vaccines and medicines to the far flung corners of the country through drones will soon become a norm. Tomato farmers in Madhya Pradesh’s Malwa region can also send their produce to the wholesale market in Dewas, not to see them rotting in their fields as the trucks did not arrive on time.
It is estimated that the drone and drone components manufacturing industry may see an investment of over Rs 5000 crore over the next three years, the proposed tenure of the PLI scheme, which may be extended if the scheme is successful. The Jyotiraditya Scindia-led civil aviation ministry is optimistic about the growth trajectory in the sector, which is expected to create 10,000 jobs in the next three years, according to reports.