Odisha News, Odisha Latest news, Odisha Daily - OrissaPOST
  • Home
  • Trending
  • State
  • Metro
  • National
  • International
  • Business
  • Feature
  • Entertainment
  • Sports
  • More..
    • Odisha Special
    • Editorial
    • Opinion
    • Careers
    • Sci-Tech
    • Timeout
    • Horoscope
    • Today’s Pic
  • Video
  • Epaper
  • News in Odia
  • Home
  • Trending
  • State
  • Metro
  • National
  • International
  • Business
  • Feature
  • Entertainment
  • Sports
  • More..
    • Odisha Special
    • Editorial
    • Opinion
    • Careers
    • Sci-Tech
    • Timeout
    • Horoscope
    • Today’s Pic
  • Video
  • Epaper
  • News in Odia
No Result
View All Result
OrissaPOST - Odisha Latest news, English Daily -
No Result
View All Result

Drone makers on Cloud Nine after import ban announcement

IANS
Updated: February 10th, 2022, 21:40 IST
in Business, Sci-Tech
0
Drone

Photo courtesy: fortune.com

Share on FacebookShare on TwitterShare on WhatsAppShare on Linkedin

Chennai: Indian drone makers are extremely elated with the Central government banning the import of drones subject to certain exceptions, said industry players.

According to them, the Centre has been announcing new policies that are enabling Make in India drones in a major way.

Also Read

India, Switzerland

India, Switzerland ink 5 pacts; agree to expand trade and investment ties following Modi-Parmelin talks

6 hours ago
Pic- YouTube/ Nobel Prize

Nobel medicine prize goes to three scientists for research into brain activity

6 hours ago

On Wednesday, the Directorate General of Foreign Trade (DGFT), under the Ministry of Commerce, issued a notification banning import of drones, subject to some exceptions.

However, the government continued imports of components for making drones.

“It is a great move by the government. We are now getting calls from various companies on exploring opportunities. Now drone users/operators would have to deal with those having drone manufacturing facilities,” Garuda Aerospace Founder and CEO Agnishwar Jayaprakash told IANS.

The city-based Drones-As-A-Service (DaaS) startup is putting up drone assembly units at Manesar in Haryana’s Gurugram and Tamil Nadu’s Hosur at an outlay of $3 million.

“Both the plants together will have a capacity to roll out about 60-70 drones per day,” Jayaprakash said.

He said Garuda Aerospace will follow the automobile industry practice of sourcing assembled parts.

“Very encouraging news for the India drone ecosystem. With so many socially impactful use cases across the country, how long can we rely on borrowed technology and expertise?” Vipul Singh, Founder and CEO, Aarav Unmanned Systems, said.

“We see this import ban as a powerful step in making India self-reliant. And there is a huge potential for India to become a big exporter of drone technology in the near future. We are definitely on track to enable more technology creation in India and truly Make in India,” he added.

Drone import is allowed by government entities, educational institutions recognised by Central or state government, government-recognised R&D entities for defence and security purposes and drone manufacturers for R&D purpose shall be allowed in CBU, SKD or CKD form subject to import authorisation issued by DGFT in consultation with concerned line ministries.

After liberalising the rules relating to drones in 2021, the government has given a big boost to the drone industry with the announcement of Kisan Drones in the Budget 2022-23.

The government has also announced a productivity linked incentive (PLI) scheme for the drone manufacturing industry.

An incentive of Rs 120 crore has been provided for Indian manufacturers of drone and drone components on the basis of their value addition in India.

The PLI is calculated as the annual sales revenue from drones and drone components (net of GST) minus the purchase cost (net of GST) of drone and drone components.

The incentive is spread over three financial years commencing from 2021-22.

Eligibility norm for micro, small, and medium enterprises (MSME) and startups is specified as Rs 2 crore of annual sales revenue for drone manufacturers and Rs 50 lakh of annual sales revenue for drone component manufacturers.

In case a manufacturer fails to meet the threshold for the eligible value addition for a particular financial year, the manufacturer will be allowed to claim the lost incentive in the subsequent year if they make up the shortfall in the subsequent year.

The incentive under the PLI scheme is applicable only on domestic value addition and will encourage manufacturers to reduce imports and go for higher capacity building and value addition in the sector, the government said.

IANS 

Tags: DroneImport
ShareTweetSendShare
Suggest A Correction

Enter your email to get our daily news in your inbox.

 

OrissaPOST epaper Sunday POST OrissaPOST epaper

Click Here: Plastic Free Odisha

#MyPaperBagChallenge

Aman Kumar Barisal

December 12, 2019
#MyPaperBagChallenge

Subhajyoti Mohanty

December 12, 2019
#MyPaperBagChallenge

Archit Mohapatra

December 12, 2019
#MyPaperBagChallenge

Anshuman Sahoo

December 12, 2019
#MyPaperBagChallenge

Nishikant Rout

December 12, 2019
#MyPaperBagChallenge

Tapaswini Mallick

December 12, 2019
#MyPaperBagChallenge

Keshab Chandra Rout

December 12, 2019
#MyPaperBagChallenge

Smitarani Sahoo

December 12, 2019
#MyPaperBagChallenge

Chinmay Kumar Routray

December 12, 2019
#MyPaperBagChallenge

Praptimayee Biswal

December 12, 2019
#MyPaperBagChallenge

Adweeti Bhattacharya

December 12, 2019
#MyPaperBagChallenge

Manas Samanta

December 12, 2019
#MyPaperBagChallenge

Parbati Mohanty

December 12, 2019
#MyPaperBagChallenge

Rajashree Manasa Mohanty

December 12, 2019
#MyPaperBagChallenge

Rajashree Pravati Mohanty

December 12, 2019
#MyPaperBagChallenge

Subhajyoti Mohanty

December 12, 2019
#MyPaperBagChallenge

Sisirkumar Maharana

December 12, 2019
#MyPaperBagChallenge

Debasis Mohanty

December 12, 2019
#MyPaperBagChallenge

Anasuya Sahoo

December 12, 2019
#MyPaperBagChallenge

Akshaya Kumar Dash

December 12, 2019
#MyPaperBagChallenge

Tabish Maaz

December 12, 2019
#MyPaperBagChallenge

Faiza Firdous

December 12, 2019
#MyPaperBagChallenge

Vandana Singh

December 12, 2019
?????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????
#MyPaperBagChallenge

Dibya Ranjan Das

December 12, 2019
#MyPaperBagChallenge

Surya Sidhant Rath

December 12, 2019
#MyPaperBagChallenge

Anup Mahapatra

December 12, 2019
#MyPaperBagChallenge

Swarit Praharaj

December 12, 2019
#MyPaperBagChallenge

Sitakanta Mohanty

December 12, 2019
#MyPaperBagChallenge

Aishwarya Ranjan Mohanty

December 12, 2019
#MyPaperBagChallenge

Spinoj Pattnaik

December 12, 2019

Archives

Editorial

Rhetoric & Reality

Indian Air Force
October 5, 2026

India’s air-power shortcomings are becoming harder to ignore. Air Chief Marshal AP Singh, very publicly, flagging Pakistan’s collaboration with China...

Read moreDetails

The Protest Test

Rights & Restrictions: AAKAR PATEL
October 4, 2026

By Aakar Patel While Gandhi Jayanti is still fresh on our minds and the right to peaceful assembly is in...

Read moreDetails

The Power Shuffle

Dilip Cherian
October 3, 2026

By Dilip Cherian A 10-officer reshuffle at the Additional Secretary level may look like routine housekeeping, but if you look...

Read moreDetails

SC In Spotlight

Supreme court
September 30, 2026

Lately, the Supreme Court’s intervention in high-profile cases does not necessarily arouse confidence and reassurance that wrongs may be righted....

Read moreDetails
  • Home
  • State
  • Metro
  • National
  • International
  • Business
  • Editorial
  • Opinion
  • Sports
  • About Us
  • Advertise
  • Contact Us
  • Jobs
Developed By Ratna Technology

© 2025 All rights Reserved by OrissaPOST

  • News in Odia
  • Orissa POST Epaper
  • Video
  • Home
  • Trending
  • Metro
  • State
  • Odisha Special
  • National
  • International
  • Sports
  • Business
  • Editorial
  • Entertainment
  • Horoscope
  • Careers
  • Feature
  • Today’s Pic
  • Opinion
  • Sci-Tech
  • About Us
  • Contact Us
  • Jobs

© 2025 All rights Reserved by OrissaPOST

    • News in Odia
    • Orissa POST Epaper
    • Video
    • Home
    • Trending
    • Metro
    • State
    • Odisha Special
    • National
    • International
    • Sports
    • Business
    • Editorial
    • Entertainment
    • Horoscope
    • Careers
    • Feature
    • Today’s Pic
    • Opinion
    • Sci-Tech
    • About Us
    • Contact Us
    • Jobs

    © 2025 All rights Reserved by OrissaPOST