Drone industry will have turnover of Rs 15K cr!

September 16, 2021 16:24

The Indian drone industry will have a total turnover of up to Rs 15,000 crore by 2026 as the government has given a major boost to the sector with the production-linked incentive (PLI) scheme announced on Wednesday and liberalised rules implemented last month, Civil Aviation Minister Jyotiraditya Scindia said on Thursday.

The Civil Aviation Ministry on Wednesday approved a PLI scheme for drones and drone components with an allocation of Rs 120 crore spread over three financial years.

The PLI scheme comes as a follow-through of the liberalised Drone Rules, 2021, released by the Centre on August 25. In the press briefing, Scindia said on Thursday, "With Drone Policy (Rules) and Drone PLI scheme, we have an aim that drone manufacturing companies in India should reach a turnover of Rs 900 crore in the coming three years."

Currently, Indian drone manufacturing companies have a turnover of approximately Rs 80 crore, he mentioned.

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