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Centre Working On New PLI Scheme For Drone Sector

Inc42 · 10m ago

Centre Working On New PLI Scheme For Drone Sector

- New PLI scheme promises enhanced implementation and documentation - Drone sector categorized into civilian use, security/defence forces use, and unregulated use - Government introduced INR 120 Cr PLI scheme for drones in 2021 - PLI scheme has a three-year tenure starting from 2021-22 - Focus on streamlining and strengthening the drone industry - Aims to promote domestic manufacturing and augment job creation

Related News

Amaravati to host drone summit this month

YourStory

YourStory · 10m ago

Amaravati to host drone summit this month

The civil aviation ministry and the Andhra Pradesh government have announced a two-day drone summit in Amaravati on October 22. The summit will bring together drone companies, foreign entities, and other stakeholders. Additionally, there will be a drone show featuring over 5,000 drones. More than 1,000 delegates have registered for the summit so far. The government is also working on a new Production-Linked Incentive (PLI) scheme for the drone sector, with input being sought from stakeholders. The previous PLI scheme for drones, introduced in 2021 with a budget of Rs 120 crore for three years, has ended.

Govt To Invite Bids For Building 10 GW Battery Storage Projects

Inc42 · 10m ago

Govt To Invite Bids For Building 10 GW Battery Storage Projects

- Vijay Mittal, joint secretary in the Ministry of Heavy Industries, stated that the new projects will enhance India's presence in the energy storage sector. - Out of the 50 GWh allotted under the PLI scheme, over 40 GWh has been designated for OEMs to promote domestic manufacturing of ACCs. - Reliance Industries Ltd was recently selected as the successful bidder for 10 GWh ACC manufacturing under the PLI scheme. - The initiatives aim to strengthen India's position in the energy storage segment and boost indigenous manufacturing. - The Ministry of Heavy Industries is actively working towards promoting the adoption of advanced energy technologies in the country.

Bracing for pressure: Phonemakers dread the day govt pulls plug on PLI

Economic Times

Economic Times · 1m ago

Bracing for pressure: Phonemakers dread the day govt pulls plug on PLI

The Indian mobile phone manufacturing industry faces challenges as the production-linked incentive (PLI) scheme ends next year, with the government non-committal on its extension. The conclusion of the PLI scheme could increase competition and pressure operating income and margins for Indian manufacturers who rely on incentives to offset higher costs. Industry executives anticipate increased emphasis on quality and workmanship, while companies like Dixon Technologies may experience reduced margins and increased working capital days without PLI benefits.

Drone industry wants PLI outlay raised to help more companies take off

Economic Times

Economic Times · 1y ago

Drone industry wants PLI outlay raised to help more companies take off

The drone industry in India is urging for an expansion and increase in the outlay of the production-linked incentive (PLI) scheme for drones. The industry wants more players to be able to apply for the scheme and for the overall funding to be raised. Currently, the scheme benefits startups and micro, small, and medium enterprises. The government has disbursed Rs 30 crore to beneficiaries under the scheme, which aims to promote indigenous drone manufacturing. The industry also advocates for service-linked incentives and checks to maintain quality standards.

Drone startups want regulations to be eased , more focus on defence

Inc42 · 1y ago

Drone startups want regulations to be eased , more focus on defence

Drone tech startups in India are hoping for a favorable budget that addresses their demands. They seek relaxed regulations and faster approval processes, particularly for urban air mobility solutions. Startups also desire an extension of the production-linked incentive (PLI) scheme for drones and lower interest rates for drone loans. Furthermore, the government is encouraged to promote the use of drones in agriculture by providing subsidies for training farmers and waiving GST on drones and related products. Defense drone startups are also seeking higher allocation for the development and deployment of advanced drones.

Govt to launch another round of PLI scheme for steel sector on Monday

YourStory

YourStory · 7m ago

Govt to launch another round of PLI scheme for steel sector on Monday

The government will launch another round of the production-linked incentive (PLI) scheme for the steel sector, particularly for specialty steel, to encourage domestic production and reduce imports. The scheme aims to attract further investments and create jobs. Although the initial PLI scheme had lukewarm participation, it has generated significant investments and employment so far. The renewed effort seeks greater participation to boost the manufacturing of specialty steel, which is crucial in various industries like defense and automotive.

PLI Scheme For Battery Recycling: A Cornerstone Opportunity For India’s Energy Security

Inc42 · 1y ago

PLI Scheme For Battery Recycling: A Cornerstone Opportunity For India’s Energy Security

The article discusses the need for a Production Linked Incentive (PLI) scheme for battery recycling in India. Battery recycling plays a crucial role in achieving eco-sustainability and resource circularity, as well as maximizing the economic benefits of clean technologies. PLI schemes have been successful in boosting the manufacturing sector and attracting foreign investment. Implementing a PLI scheme for battery recycling would incentivize companies to invest in capacity building, innovation, and resource efficiency. It would not only benefit the battery industry but also other sectors such as renewables, electric vehicles, consumer electronics, and more.

Centre To Launch INR 2,000 Cr Drone Tech Incentive Scheme

Inc42 · 1m ago

Centre To Launch INR 2,000 Cr Drone Tech Incentive Scheme

The Indian government plans to introduce a INR 2,000 crore incentive scheme to boost the domestic drone industry over three years. This initiative seeks to localize the production of drones and related components, aiming for 40% localization by FY28. The scheme will encompass manufacturing, software, and anti-drone systems. Small Industries Development Bank of India (SIDBI) will provide affordable loans to support working capital and research and development for drone technology firms.

Drone Destination Inks Deal With NSIC To Set Up Drone Training Centre

Inc42 · 1y ago

Drone Destination Inks Deal With NSIC To Set Up Drone Training Centre

Drone Destination and the National Small Industries Corporation have joined forces to establish a drone training centre. With a primary focus on the digital agriculture sector, the centre aims to facilitate survey, mapping, disaster management, and monitoring activities. The training facility will be located at the National Science and Technology Council in Delhi.

44 hardware manufacturers apply for PLI scheme

Startup News FYI

Startup News FYI · 2y ago

44 hardware manufacturers apply for PLI scheme

Amid import restrictions, 44 hardware manufacturers have applied to enter the Indian market under the Production Linked Incentive (PLI) scheme. This surge in applications reflects the growing interest of hardware companies to establish a presence in India. The PLI scheme aims to boost domestic manufacturing by providing incentives to eligible manufacturers, thereby supporting India's efforts to promote self-reliance in the sector.

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