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PLI scheme for drone industry expected to invest Rs 5,000 crore: Officials expected to invest Rs 5000 crore from PLI scheme for drone industry

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PLI scheme for drone industry expected to invest Rs 5,000 crore: Officials expected to invest Rs 5000 crore from PLI scheme for drone industry

Chennai, Sep 18 (PTI) The recently announced Production Linked Incentive (PLI) scheme for drones and drone parts by the central government is expected to attract investments of over Rs 5,000 crore over the next three years. Amber Dubey, Joint Secretary, Ministry of Civil Aviation said this on Saturday.

Briefing journalists digitally on the New Drone Policy 2021 and the PLI scheme for drones and drone parts, he said that the estimated investment in the drone sector was more than Rs 10,000 crore. But rightly over Rs 5,000 crore is expected to be invested in this sector in the next three years.

Dubey said, “The drone and drone parts manufacturing industry may see an investment of more than Rs 5,000 crore in the next three years. Also the annual sales turnover of the industry is expected to increase from Rs 60 crore in FY 2020-21 to over Rs 900 crore in FY 2023-24.

He said that the development of this sector is expected to create more than 10,000 jobs in the drone manufacturing industry during the next three years.

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