NEW DELHI: The Central government said on Thursday that the drone industry can apply for the production linked incentive (PLI) scheme.
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 percent of the value added.
"The value addition should be measured as the annual sales revenue from drones and drone components (net of GST) minus the purchase cost of drones and drone components (net of GST)," according to a statement released late Thursday night.
"Instead of 50 percent, the minimum value addition norm for drones and drone components is 40 percent, which is an exceptional treatment for drones." Furthermore, it stated that a manufacturer's PLI must not exceed 25 percent of their overall yearly outlay. "By doing so, we will be able to reach a larger number of beneficiaries."
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