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HomeBusinessAviation Ministry invites second round applications from drone industry under PLI scheme

Aviation Ministry invites second round applications from drone industry under PLI scheme

New Delhi, May 5 (PTI) The Civil Aviation Ministry has invited the second round of applications for promoting drone manufacturing in the country under the Production Linked Incentive (PLI) scheme.

The first round of applications under the PLI scheme were invited on March 10, 2022. Its results were declared on April 20. Under this, 12 companies, including IdeaForge Technology, a joint venture with Adani Group’s Israeli company Elbit, were selected.

The ministry said on Thursday that the second round of applications is for those drone equipment and drone manufacturers who have crossed the PLI eligibility limit for the entire financial year 2021-22.

According to the ministry, the last date for submission of applications for the second round is May 20. The final list of PLI beneficiaries can be released by June 30 after detailed scrutiny of the financial results and other documents of the applying companies.

The PLI scheme was introduced on 16 September last year. Through this, 20 percent incentive of ‘value addition’ will be given to the companies making drones and drone equipment for the next three years.

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