Production Linked Incentive (PLI) Scheme for Aerospace & Defence
Eligibility Criteria:
- Indian-registered companies engaged in manufacturing aerospace and defense equipment.
- Includes components such as military aircraft, drones, land and naval systems, and advanced weaponry.
- Minimum investment requirements vary based on the category of products and company size.
Incentives & Subsidies:
- PLI for Drones & Drone Components: Initial outlay of ₹165 crore, with an expected increase to ₹3,000 crore.
- General Aerospace & Defence Manufacturing: Incentives linked to incremental sales and local value addition.
- Collaborations with global firms for indigenous jet engine manufacturing under the ‘Make in India’ initiative.
Incentives & Subsidies:
- PLI for Drones & Drone Components: Initial outlay of ₹165 crore, with an expected increase to ₹3,000 crore.
- General Aerospace & Defence Manufacturing: Incentives linked to incremental sales and local value addition.
- Collaborations with global firms for indigenous jet engine manufacturing under the ‘Make in India’ initiative.
Important Notes:
- Investments post April 1, 2022, qualify for incentives.
- Compliance with environmental, safety, and quality standards is mandatory.
- Companies cannot claim benefits under multiple overlapping schemes.