India launches Mission Drone Shakti to boost domestic manufacturing. The civil aviation ministry plans to allocate ₹1,800 crore over five years to fund research and development, support local component manufacturing, and incentivize drone adoption across defence and civilian sectors. This initiative aims to reduce India's reliance on Chinese imports of critical drone parts including propellers, motors, and advanced sensors. The scheme will distribute approximately ₹500-600 crore for R&D and ₹1,000-1,200 crore for manufacturing support and sales-linked incentives. Financial benefits will be tied to measurable outcomes such as domestic value addition and incremental sales. The government expects to introduce Mission Drone Shakti in FY27, targeting private Indian companies, pending finance ministry approval and cabinet consideration.
Post from MarketNews_en
Log in to interact with content.