The Union Cabinet has approved a production-linked incentive scheme worth 1.2 billion rupees for drone and drone component makers, spread over three financial years. The scheme is effective from 2021-22 (Apr-Mar). The scheme is expected to attract 50 billion rupees of investment into the Indian drone manufacturing sector in next three years, Anurag Thakur, minister for information and broadcasting, has said.
The PLI scheme for drone and drone components approved by the Union Cabinet on Wednesday is set to transfigure communication and business in the country and impact the lives of millions of Indians. With this, one can say the delivery of COVID vaccines and medicines to the remotest corners of the country via drones will soon become a norm. Farmers growing tomatoes in the Malwa region of Madhya Pradesh can also send their produce to the wholesale market in Dewas, rather than see them rotting in his fields because trucks didn't reach in time.
It is estimated that the drone and drone components manufacturing industry might see an investment of over Rs 5000 crores in the next three years, which is the proposed tenure of the PLI scheme, which might be extended if the scheme is successful. The Jyotiraditya Scindia-led Civil Aviation Ministry is optimistic about the growth trajectory in this sector, which is expected to create 10,000 jobs in the next three years, as per reports.