Cheers For Drone Startups As India Allocates INR 120 Cr Under PLI Scheme
India, Sept. 15 -- After the government approved 13 Production Linked Incentive (PLI) Schemes with a corpus of INR 1.97 Lakh Cr during the budget announced earlier this year, it has now reserved INR 120 Cr for drones and drone components. The decision comes at a time when the Indian drone startups aim to take wings and deliver essentials like drugs and vaccines in the farthest parts of the country.
Through a PLI scheme, the government provides incentives to companies for enhancing their domestic manufacturing. This helps reduce dependence on imports and helps improve the cost competitiveness of local goods. The PLI scheme offers incentives on incremental sales for products manufactured in India.
Key Points For Drones and Drone component...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.