MoCA invites drone manufacturers to apply for PLI scheme

New Delhi, May 5 (KNN) The Ministry of Civil Aviation (MoCA) has invited the drone and drone components manufacturing industry to apply for the Production Linked Incentive (PLI) scheme by May 20, 2022.

Companies who have crossed the PLI eligibility threshold for FY 2021- 2022 can apply for the scheme at https://www.civilaviation.gov.in/en/application-pli-scheme

After conducting a detailed assessment of their financial results and other specified documents, the final list of PLI beneficiaries is expected to be released by June 30.

Earlier in April, the Ministry had published a provisional list of 14 PLI beneficiaries based on the financial results submitted by PLI applicants for the ten-month period (1st April 2021 to 31st January 2022).

These include five drone manufacturers and nine drone component manufacturers. 

The eligibility criteria for the PLI scheme for drones and drone components include an annual sales turnover of Rs 2 crore for drone companies and Rs 50 lakh for drone components manufacturers; and a value addition of over 40 per cent of sales turnover.

Under the scheme, a total incentive of Rs 120 crore is spread over three financial years which is nearly double the combined turnover of all domestic drone manufacturers in FY 2020-21.   (KNN Bureau)