Featured | Indian Drone Industry on track to become a multi-billion-dollar play

Welcoming the centre’s support to their nascent and emerging sector, drone manufacturers said that the initiative would go a long way in encouraging more players to ramp up capacity.

“The PLI scheme will give a boost to indigenous manufacturing of drones and drone components and is a progressive step towards making India a drone hub. It will strengthen the domestic manufacturing ecosystem, making it competitive in the global market while creating new job opportunities,” noted, co-founder & director of Asteria Aerospace, Neel Mehta.

Asteria Aerospace is a leading manufacturer of both military and enterprise drones and is one of the beneficiaries under the second list. Business Today