Adani-Israel co JV, 13 others vie for drone scheme
NEW DELHI: Adani-Elbit Advanced Systems India, a JV of Adani Group and an Israeli company is among the 14 beneficiaries under the government’s production-linked incentive (PLI) scheme for manufacturing drone and drone components.
These 14 include five drone manufacturers and nine drone component manufacturers. The Union aviation ministry had invited applications from eligible manufacturers this March, following which the first provisional list of 14 beneficiaries was released on Wednesday.
The list of shortlisted drone manufacturers includes: Dhaksha Unmanned Systems, Chennai; Ideaforge Technology, Mumbai; Io Tech World Aviation, Gurugram; Omnipresent Robot Technologies, Gurguram and Raphe Mphibr, Noida.
The list of shortlisted drone components manufacturers includes: Absolute Composites, Bangalore; Adani-Elbit Advanced Systems India, Hyderabad; Adroitec Information Systems, Delhi; Alpha Design Technologies, Bangalore; Inventgrid India, Sambalpur; Paras Aerospace, Bangalore; SASMOS HET Technologies, Bangalore; ZMotion Autonomous Systems, Bangalore and Zuppa Geo Navigation Technologies, Chennai.
“The list of beneficiaries is likely to be expanded further since some more manufacturers are likely to exceed the eligibility criteria for the full financial year 2021-22. The final list of PLI beneficiaries is expected to be released by June 30, 2022, after detailed scrutiny of their financial results and other specified documents,” said an aviation ministry official.
The eligibility criteria for the PLI scheme for drones and drone components includes an annual sales turnover of Rs 2 crore for drone companies and Rs 50 lakh for drone components manufacturers; and value addition of over 40% of sales turnover.
The PLI scheme for drones and drone components was notified last September. Under this, a total incentive of Rs 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. 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.
Among the PLI shortlisted companies is Elbit Advanced Systems India Limited, a JV between Adani Defence & Aerospace and Elbit Systems, Israel. It has been set up as a private unmanned aerial vehicle manufacturing complex at Adani Aerospace Park in Hyderabad to indigenise unmanned aerial platforms.