{"id":22401,"date":"2022-07-08T11:56:38","date_gmt":"2022-07-08T06:26:38","guid":{"rendered":"https:\/\/aviationa2z.com\/?p=22401"},"modified":"2022-07-08T11:56:41","modified_gmt":"2022-07-08T06:26:41","slug":"drone-industry-on-track-to-become-a-multi-billion-dollar-play","status":"publish","type":"post","link":"https:\/\/aviationa2z.com\/index.php\/2022\/07\/08\/drone-industry-on-track-to-become-a-multi-billion-dollar-play\/","title":{"rendered":"Drone industry on track to become a multi-billion-dollar play"},"content":{"rendered":"\n

The Ministry of Civil Aviation was adamant that India’s budding drone industry was well on track to become a $30 billion industry by 2030<\/strong>, even as the second tentative list of recipients under the government’s flagship Production Linked Incentive (PLI) plan <\/strong>was issued late Wednesday. <\/p>\n\n\n\n

The number of PLI recipients and their sales turnover should both increase significantly the next year, according to Dubey. <\/pre>\n\n\n\n
\"MoCA
image courtesy – dronemag<\/figcaption><\/figure>\n\n\n\n
Twelve drone manufacturers and eleven drone component manufacturers<\/strong> are included on the second list. <\/p><\/blockquote>\n\n\n\n
The list was created using unaudited financial statements and other relevant data for the fiscal years 2021\u20132022, including revenue by sales and value addition. <\/p>\n\n\n\n
The qualifying requirements for the drone and drone component manufacturers' programme<\/strong> call for a value addition of more than 40% of their sales turnover and an annual sales turnover of Rs 2 crore for drone companies and Rs 50 lakh <\/strong>for makers of drone components. <\/pre>\n\n\n\n
The government also commended domestic start-ups for their perseverance in the face of setbacks brought on by pandemic-induced lockdowns and geopolitical threats <\/strong>that made it difficult to source vital parts like batteries, motors, and battle controllers. <\/em><\/p>\n\n\n\n
\"\"
image courtesy – simulyze <\/figcaption><\/figure>\n\n\n\n
Kudos to these young entrepreneurs who persevered in the face of numerous obstacles, said Dubey.<\/p>
 The best is yet to come for them! <\/p><\/blockquote><\/figure>\n\n\n\n
The creation of indigenous intellectual property (IP) <\/strong>in this area needs to be encouraged in the future, according to Singh, in order to promote global innovation and safeguard the nation’s long-term interests. <\/p>\n\n\n\n
The PLI plan for drones and drone parts, which was announced in September of last year, offers a total incentive of Rs 120 crore over three fiscal years, <\/strong>which is roughly twice the aggregate revenue of all domestic drone makers during the prior fiscal.<\/p>\n\n\n\n
 One of the highest PLI rates under the system is 20% of the value addition. <\/p>\n\n\n\n
Also read – British Airways A320 was met by firefighters in Copenhagen.<\/a><\/p>\n\n\n\n
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MoCA was adamant that India’s budding drone industry was well on track to become a $30 billion industry by 2030. Read more <\/p>\n","protected":false},"author":2,"featured_media":22403,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[399],"tags":[556,6390,4371,6392,3595,953,6391],"class_list":{"0":"post-22401","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-featured","8":"tag-breaking-news","9":"tag-budding-drone","10":"tag-drone-industry","11":"tag-kudos","12":"tag-ministry-of-civil-aviation-moca","13":"tag-moca","14":"tag-multi-billion-dollar"},"_links":{"self":[{"href":"https:\/\/aviationa2z.com\/index.php\/wp-json\/wp\/v2\/posts\/22401","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/aviationa2z.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/aviationa2z.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/aviationa2z.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/aviationa2z.com\/index.php\/wp-json\/wp\/v2\/comments?post=22401"}],"version-history":[{"count":1,"href":"https:\/\/aviationa2z.com\/index.php\/wp-json\/wp\/v2\/posts\/22401\/revisions"}],"predecessor-version":[{"id":22407,"href":"https:\/\/aviationa2z.com\/index.php\/wp-json\/wp\/v2\/posts\/22401\/revisions\/22407"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/aviationa2z.com\/index.php\/wp-json\/wp\/v2\/media\/22403"}],"wp:attachment":[{"href":"https:\/\/aviationa2z.com\/index.php\/wp-json\/wp\/v2\/media?parent=22401"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/aviationa2z.com\/index.php\/wp-json\/wp\/v2\/categories?post=22401"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/aviationa2z.com\/index.php\/wp-json\/wp\/v2\/tags?post=22401"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}