Press "Enter" to skip to content

Aviation Ministry Invites Applications for PLI Scheme for Drones

Spread the love

The Ministry of Civil Aviation on Thursday invited purposes for Manufacturing Linked Incentive (PLI) scheme for drones and drone elements. It stated that the final date for submitting the appliance type is Might 20, 2022.

The Ministry of Civil Aviation (MoCA) on Thursday has invited purposes for the Production Linked Incentive (PLI) scheme for these producers of drones and drone elements, who’ve crossed the PLI eligibility threshold for the earlier monetary 12 months (April 1, 2021, to March 31, 2022). The deadline for submitting the appliance type is 23.59 hours on Might 20.

As per a press launch, the ultimate checklist of PLI beneficiaries is predicted to be launched by June 30, 2022 after detailed scrutiny of their monetary outcomes and different specified paperwork.

Earlier on April 20, the MoCA revealed a provisional checklist of 14 PLI beneficiaries primarily based on the monetary outcomes submitted by the PLI candidates for the ten-month interval (April 1, 2021, to January 31, 2022). These included 5 drone producers and 9 drone element producers.

The eligibility standards for the PLI scheme for drones and drone elements embody an annual gross sales turnover of Rs. 2 crore for drone corporations and Rs. 50 lakhs for drone elements producers; and the worth addition of over 40 % of gross sales turnover.

The PLI scheme for drones and drone elements was notified on September 30, 2021.

Below the scheme, a complete incentive of Rs. 120 crore is unfold over three monetary 12 months which is almost double the mixed turnover of all home drone producers in FY 2020-21.

The PLI charge is 20 % of the worth addition which is without doubt one of the highest amongst different PLI schemes.

Affiliate hyperlinks could also be routinely generated – see our ethics statement for particulars.

Catch the newest from the Shopper Electronics Present on Devices 360, at our CES 2023 hub.

Avatar: The Way of Water to Release in India in English, Hindi, Tamil, Telugu, Kannada, Malayalam

Doctor Strange in the Multiverse of Madness Review: Turbocharged and Underwhelming

Source link

Spread the love

Be First to Comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Enable Notifications OK No thanks