Indian Drone Industry ‘s proposed Rs 3000 crore Production-Linked Incentive (PLI) scheme for the drone industry is expected to revolutionize the sector, making India a global drone hub by 2030. This significant increase from the earlier Rs 165 crore is a strategic move to promote indigenous drone manufacturing and establish the sector on a sustainable footing.
“India’s Proud ! the drone ecosystem is set to receive a ₹3,000-crore ($360-million) booster shot, with the Centre planning a new production-linked incentive (PLI) scheme for the industry; the news was a wisper until yesterday is now in public domain in major dailies.”
Key Analytics and Expectations:
– Growth Projections: The Indian drone manufacturing industry is expected to reach Rs 900 crore by 2025, growing at a CAGR of 22.15% during 2024-30.
– Job Creation and Skill Development: The expanded PLI scheme will likely create new job opportunities and drive skill development in drone manufacturing, maintenance, and operation.
– Increased Competitiveness: The incentive will enable Indian drone manufacturers to compete globally, improving export prospects and attracting foreign investment.
– Diversified Applications: The drone industry’s growth will lead to increased adoption in various sectors, including border surveillance, rescue and disaster management, logistics, data processing, and traffic management.
Industry Reaction:
Aadhar Bansal, Director of Nexgen Exhibitions, notes that the “Make in India” movement and the government’s visionary PLI scheme have already given the industry a huge boost, attracting significant foreign investment.
Dr. Shankar Goenka , Managing Director of WOW Go Green makers of Krishi Viman Drones; the leading drone manufacture in the country in the domains of agriculture in general and farming in particular, strongly believes that it’s a befitting move towards sustainability of the Drone Industry and making India the Drone Hub; and will be a step forward towards Viksit Bharat.
Government Support:
The government’s efforts to promote the drone industry include:
- More Liberal Policies:Simplified regulations and policies to encourage innovation and growth.
- Drone Shakti: A production-linked incentive scheme to boost domestic manufacturing.
- Increased Airspace: Expanded airspace for drone operations, enabling greater flexibility.
- Special Emphasis on Drones for Hobbiests, clarity to promote that sector in the country.
The proposed Rs 3000 crore PLI scheme is a significant step towards realizing India’s vision of becoming a global drone hub. With industry expectations and growth projections aligned, this move is poised to establish the drone sector as a key contributor to India’s economic growth.
