MoCA releases second provisional list of 23 beneficiaries under PLI for drone and drone components

The Ministry of Civil Aviation has released the second provisional list of 23 beneficiaries under the production-linked incentive (PLI) sche­me for drone and drone components. The list includes 12 drone manufacturers and 11 drone component manufacturers. The provisional list of PLI beneficiaries was developed on the basis of unaudited financial results for 2021-22 as well as other information. The beneficiaries have been shortlisted based on the eligibility criteria related to sales revenue and value addition in 2021-22. The PLI sche­me for drones and drone components requires an annual sales turn­over of Rs 20 million for drone companies and Rs 5 million for drone component manufacturers, as well as value addition of more than 40 per cent of sales turnover.