New Delhi will launch a 20 billion Indian rupees ($234 million) programme for three years that will cover manufacture of drones, components, software, counter drone systems, and services, two government and one industry source, who did not want to be named, told Reuters. Details of the programme have not been previously reported and its planned expenditure is higher than the modest 1.2 billion rupees production-linked incentive scheme New Delhi launched in 2021 to promote drone start-ups, which have struggled to raise capital and invest in research.
In the past, India has mainly imported military drones from its third-largest arms supplier, Israel, but in recent years its nascent drone industry has scaled up its cost-effective offerings, including for the military, although reliance on China continues for certain components such as motors, sensors and imaging systems.
“During (the India-Pakistan) conflict there was quite a lot of use of drones, loitering munitions and kamikaze drones on both sides,“ Indian Defence Secretary Rajesh Kumar Singh said last week.
India bans import of drones but not their components and the government has planned additional incentives for manufacturers that procure parts from within the country, the two government sources said.
Currently, there are more than 600 drone manufacturing and associated companies in India, according to estimates shared by an industry source involved in the discussions for the incentives programme.
($1=85.5950 Indian rupees) - Reuters
Read More Details
Finally We wish PressBee provided you with enough information of ( India launches $234M drone incentive amid Pakistan conflict )
Also on site :