May 5, 2022 12:56 PM

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Civil Aviation Ministry opens application window for manufacturers of drones & drone components

<p style="margin: 0px; text-align: justify;"><span style="color: #222222;">The Ministry of Civil Aviation has opened application window for  manufacturers of drones and drone components. The manufactures who  have crossed the PLI eligibility threshold for the  financial year 2021-2022, can  submit the application form at the website www. </span><a href="http://civilaviation.gov.in/" target="_blank" data-saferedirecturl="https://www.google.com/url?q=http://civilaviation.gov.in&source=gmail&ust=1651821538377000&usg=AOvVaw0cTR_Ordvxy-7IibX2w8G1">civilaviation.gov.in</a><span style="color: #222222;">.</span></p>''<p style="margin: 0px; text-align: justify;"><br />''</p>''<p style="margin: 0px; text-align: justify;"><span style="color: #222222;">The deadline for submitting the application form is 20th of this month. The final list of PLI beneficiaries is expected to be released by 30th June 2022 after detailed scrutiny of their financial results and other specified documents.</span></p>''<p style="margin: 0px; text-align: justify;"><br />''</p>''<p style="margin: 0px; text-align: justify;"><span style="color: #222222;">Earlier on 20th of last month, the Ministry has published a provisional list of 14 PLI beneficiaries based on the financial results submitted by PLI applicants for the ten-month period 1st April 2021 to 31st January 2022. These include five drone manufacturers and nine drone component manufacturers.  </span></p>''<p style="margin: 0px; text-align: justify;"><br />''</p>''<p style="margin: 0px; text-align: justify;"><span style="color: #222222;">The eligibility criteria for the PLI scheme for drones and drone components includes an annual sales turnover of two crore rupees for drone companies and 50 lakh rupees for drone components manufacturers and value addition of over 40 per cent of sales turnover.</span></p>''<p style="margin: 0px; text-align: justify;"><br />''</p>''<p style="margin: 0px; text-align: justify;"><span style="color: #222222;">The PLI scheme for drones and drone components was notified on 30th September 2021. Under the scheme, a total incentive of  120 crore rupees is spread over three financial year which is nearly double the combined turnover of all domestic drone manufacturers in Financial Year 2020-21. The PLI rate is 20 per cent of the value addition which is one of the highest among other PLI scheme.</span></p>''<p style="margin: 0px; text-align: justify;"><br />''</p>''<p style="margin: 0px; text-align: justify;"><span style="color: #222222;">Apart from the PLI Scheme, Centre has carried series of reforms to make India a global drone hub by 2030.</span></p>

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