Learn how expanding the production-linked incentive (PLI) scheme can drive India’s ambition to become a global drone hub, according to a recent report. Discover insights into the projected growth of the Indian drone market and the key factors influencing its trajectory.
According to a recent report, the Indian government is encouraged to expand the production-linked incentive (PLI) scheme to facilitate India’s transformation into a global drone hub.
With an initial incentive of Rs 120 crore spread over three financial years for drone manufacturers and components, the PLI scheme holds potential for driving significant growth in the domestic drone industry.
Projections from the Ministry of Civil Aviation suggest that the Indian drone manufacturing sector could reach Rs 900 crore by 2025, with a projected CAGR of 22.15% between 2024 and 2030.
The report emphasizes the need to bolster the domestic drone ecosystem through initiatives such as expanding the PLI scheme, government procurement support, and promoting the Make in India initiative. Key applications of drones in border surveillance, disaster management, and COVID-19 response highlight their growing significance across various sectors.
Additionally, the report underscores the importance of international collaborations and investments in advancing India’s drone industry.
The upcoming International Drone Expo 2024 is positioned as a key platform for showcasing UAVs, drones, and anti-drone systems for diverse applications, further underscoring the sector’s potential.
Aadhar Bansal, Director of Nexgen Exhibitions, lauds the government’s efforts and visionary initiatives like Drone Shakti, recognizing their role in driving growth and attracting foreign investment in the Indian drone market.
