The Civil Aviation Ministry on Thursday invited purposes from the drone business for the production-linked incentive (PLI) scheme that was introduced final yr. The ministry had on September 16, 2021, introduced a PLI scheme for drones and drone elements with an allocation of Rs 120 crore unfold over three monetary years.
Beneath the PLI scheme, the inducement for a producer of drones and drone elements will probably be 20 per cent of the “worth addition” made by the corporate throughout the subsequent three years.
The worth addition is calculated because the annual gross sales income from drones and drone elements (internet of GST) minus the acquisition value (internet of GST) of drone and drone elements.
The Civil Aviation Ministry’s assertion mentioned on Thursday: “The appliance kind (for PLI scheme) is of 1 web page solely, together with the certificates from the pinnacle of organisation and the statutory auditor.”
Multiple firm inside a gaggle of firms might file separate purposes below this PLI scheme and the identical will probably be evaluated independently, it talked about.
Nevertheless, the overall PLI payable to such candidates shall be capped at 25 per cent of the overall monetary outlay below this PLI scheme, it famous.
“Deadline for submission of software kind is 2359 hours on March 31, 2022,” it talked about.
The PLI scheme got here in September 2021 as a follow-through of the liberalised Drone Guidelines, 2021, launched by the ministry on August 25, 2021.
Aviation Minister Jyotiraditya Scindia had on September 16 final yr that the Indian drone business may have a complete turnover of as much as Rs 15,000 crore by 2026 as the federal government has given a significant enhance to the sector with the production-linked incentive (PLI) scheme.
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