New Delhi. In the cabinet meeting held today under the chairmanship of Prime Minister Narendra Modi, many major decisions were taken for the auto, telecom and drone sectors. Under this, taking steps towards making India a drone hub by 2030, the Center has approved the Production-Linked Incentive Scheme (PLI Scheme) for Drones and Drone Components. Under the plan, companies making drones will be given incentives on the basis of production capacity in the next three years. Union Minister Anurag Singh Thakur said that the government will spend Rs 120 crore in the next three years for the Drone PLI scheme. This amount is twice the total business of all drone companies in India in the financial year 2020-21.
PLI rate for the drone sector to remain stable at 20%
For manufacturers of drones and drone components, the incentive will be 20 per cent of the value addition made by them. The central government has decided to keep the PLI rate of drones at 20 percent for three years. At the same time, in the rest of the sector, the rate of incentive in the PLI scheme decreases every year. After three years, the government will either extend or re-draft the scheme after studying its impact. The government expects that in the next 3 years, there will be an investment of Rs 5000 crore in the drone sector in India and 10,000 people will get direct employment opportunities.
The PLI scheme has a budgetary provision of Rs 26,058 crores – Rs 25,938 crores for the auto sector and Rs 120 crores for the drone industry: Union Minister Anurag Thakur pic.twitter.com/CbSeHiAtoW
— ANI (@ANI) September 15, 2021
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Center has relaxed the rules for operating drones
The central government had earlier announced a new drone policy on 25 August 2021. In this, the rules for operating drones were relaxed. Under the Drone Rules, 2021, the coverage of drones has been increased from 300 kg to 500 kg and the number of forms/permission has been reduced from 25 to 5. Also no security clearance is required before any registration or issuance of license. The government is preparing a digital sky platform, which will display a map of the interactive airspace with green, yellow and red zones.
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Telecom companies get relief of 4 years in AGR case
100% FDI has been allowed in the automatic route of the telecom sector. The cabinet has approved a total of 9 structural reforms. Apart from this, 5 process reforms have been approved. Apart from this, telecom companies will also get relief of 4 years on Adjusted Gross Revenue ie AGR payment. Apart from this, giving relief to all the debt-ridden telecom sector, the Union Cabinet has approved the moratorium on payment of spectrum dues by telcos. Telecom companies will be given a moratorium of 4 years regarding spectrum charges and AGR dues.
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Cabinet approves PLI scheme of Rs 26,058 crore
At the same time, in the meeting of the Union Cabinet, a Production Linked Incentive (PLI) scheme of Rs 26,058 crore was approved for the auto, auto parts and drone industry. Giving this information, Information and Broadcasting Minister Anurag Thakur said that the purpose of PLI scheme is to encourage domestic manufacturing and generate employment. With this decision, more than 7.6 lakh people are expected to get additional employment.
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