The Ministry of Civil Aviation (MoCA) has released the second provisional list of 23 beneficiaries under the Production-Linked Incentive (PLI) Scheme for drone and drone components. These include 12 drone manufacturers and 11 drone component manufacturers. The Ministry invited applications from eligible manufacturers on 4th May 2022 and the last date for submission was 20th May 2022.
The provisional list of PLI beneficiaries has been prepared on the basis of the unaudited financial results for 2021-22 and other information. The shortlisted beneficiaries have crossed the eligibility criteria related to sales revenue and value addition in FY 2021-22.
- Aarav Unmanned Systems, Bengaluru, Karnataka
- Asteria Aerospace, Bengaluru, Karnataka
- Dhaksha Unmanned Systems, Chennai, Tamil Nadu
- EndureAir Systems, Noida, Uttar Pradesh
- Garuda Aerospace, Chennai, Tamil Nadu
- Ideaforge Technology, Mumbai, Maharashtra
- vii. IoTechWorld Avigation, Gurugram, Haryana
- Omnipresent Robot Technologies, Gurugram, Haryana
- Raphe Mphibr, Noida, Uttar Pradesh
- Roter Precision Instruments, Roorkee, Uttarakhand
- Sagar Defence Engineering, Pune, Maharashtra
- xii. Throttle Aerospace Systems, Bengaluru, Karnataka
The list of shortlisted drone component manufacturers is as follows:
- Absolute Composites, Bengaluru, Karnataka
- Adani-Elbit Advanced Systems India, Hyderabad, Telangana
- Adroitec Information Systems, New Delhi
- Alpha Design Technologies, Bengaluru, Karnataka
- Dynamake Engineering, Hyderabad, Telangana
- Imaginarium Rapid, Mumbai, Maharashtra
- SASMOS HET Technologies, Bengaluru, Karnataka
- Servocontrols Aerospace India, Belagavi, Karnataka
- Valdel Advanced Technologies, Bengaluru, Karnataka
- ZMotion Autonomous Systems, Bengaluru, Karnataka
- Zuppa Geo Navigation Technologies, Chennai, Tamil Nadu
The combined annual sales turnover of the afore-mentioned companies has increased from INR 88 crore in FY 2020-21 to INR 319 crore (unaudited) in FY 2021-22.
The eligibility criteria for the PLI scheme for drones and drone components includes an annual sales turnover of INR 2 crore for drone companies and INR 50 lacs for drone components manufacturers; and value addition of over 40% of sales turnover.
The PLI scheme for drones and drone components was notified on 30th September 2021. Under the scheme, a total incentive of INR 120 crore is spread over three financial year which is nearly double the combined turnover of all domestic drone manufacturers in FY 2020-21. The PLI rate is 20% of the value addition which is one of the highest among other PLI scheme. A unique feature of drone PLI scheme is that the manufacturers who fail to meet the value addition threshold in 2021-22 will be allowed to claim the lost incentive in the subsequent year if they make up the shortfall in 2022-23.
