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Fourteen companies chosen as beneficiaries of PLI scheme for drone manufacturing

Thursday, 21 Apr 2022
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Adani's joint venture company with Israeli firm Elbit and IdeaForge Technology are among the 14 drone companies that have been chosen as beneficiaries of the Production Linked Incentive (PLI) Scheme to boost drone manufacturing in India. 
 
Among the companies, Dhaksha Unmanned Systems, IdeaForge Technology, IoTechWorld Aviation, Omnipresent Robot Technologies and Raphe Mphibr are five drone manufacturers selected as beneficiaries. 
 
Absolute Composites, Adani-Elbit Advanced Systems India, Adroitec Information Systems, Alpha Design Technologies, Inventgrid India, Paras Aerospace, SASMOS HET Technologies, ZMotion Autonomous Systems and Zuppa Geo Navigation Technologies are nine drone component manufacturers chosen for the PLI Scheme. 
 
The final list of PLI beneficiaries is expected to be released by 30 June 2022. 
 
The eligibility criteria for the PLI Scheme includes an annual sales turnover of Rs two crore for drone companies and Rs 50 lakh for drone components manufacturers; and value addition of over 40 percent of sales turnover.
 
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