Saturday, September 18, 2021

Drones come of age in India

In a statement issued by the Ministry of Civil Aviation, the government has declared its intention to “fix the minimum value addition norm at 40 percent of net sales for drones and drone components instead of 50 percent, another exceptional treatment given to the drone industry…The incentive payable to a manufacturer of drones and drone components shall be simply one-fifth of value addition. PLI for a manufacturer shall be capped at 25 percent of the total annual outlay.”

These sops reflect the faith of the government in India’s budding RPA industry whose annual sales turnover is expected to register a seven-fold growth in the next couple of years.

The RPA industry will become a magnet for large investment while simultaneously creating thousands of jobs in the drone sector in the coming years. Read how >>

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