Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us  
Stock Report

| More

Government's PLI policy for Drones to be a big boost for the sector - RattanIndia Enterprises

Posted On: 2021-09-15 21:40:12 (Time Zone: IST)

Rattanindia Enterprises Ltd. welcomes the Production Linked Incentive (PLI) scheme announced by the Govt. of India today. The PLI Scheme for the Drones and Drone components industry addresses the strategic, tactical and operational uses of this revolutionary technology. A product specific PL] scheme for drones with clear revenue targets and focus on domestic value addition is key to building capacity and making these key drivers of India's growth strategy.

As per the Govt. of India's press release, with this PLI scheme, Drone services (operations, logistics, data processing, traffic management etc.) is likely to grow to % 30,000 cr. in next 3 years and generate over 5 lac jobs. Drone sector is a key priority area for the government and has been given preferential treatment to promote the sector and help achieve the goal of making India a global drones hub by 2030.

Recently Rattanindia Enterprises Ltd. had made strategic investment in US based drone company Matternet. Matternet has the most extensive drone logistics network worldwide. RattanIndia Enterprises has also announced incorporation of a wholly owned subsidiary to undertake the drones business in India.

As per the PLI policy, the incentive for the manufacturers for drones, drone components and related IT products shall be eligible to PLI of 20% of the value addition made by them. The current PLI scheme shall be valid for next three years and will be extended or redrafted after studying its impact in consultation with the industry.

Recently, new liberalized Drone Rules, 2021 were notified by Ministry of Civil Aviation, Govt. of India to simplify commercial and industrial usage of drones. Drones are set to transform core sectors of the economy including logistics, agriculture, mining, infrastructure, surveillance, emergency response, transportation, geo-spatial mapping, defence, and law enforcement.

Anjali Rattan Nashier, Business Chair, RattanIndia Enterprises Ltd. said "I thank the government for this Production Linked Incentive (PLI) scheme for drones industry. It will be a big boost to this sunrise sector which has the potential to transform almost all sectors of the economy. RattanIndia Enterprises has been at the forefront of this transformation and has made key investments in the drone sector."

Shares of RATTANINDIA ENTERPRISES LIMITED was last trading in BSE at Rs. 47.65 as compared to the previous close of Rs. 45.65. The total number of shares traded during the day was 396458 in over 1427 trades.

The stock hit an intraday high of Rs. 47.9 and intraday low of 43.4. The net turnover during the day was Rs. 18592459.

Click here to send ur comments or to

Other Headlines:

TVS Motor Company wins India Green Energy Award

Zuari Agro Chemicals Limited announces shutdown of NPK plants

Metropolis Healthcare completes acquisition of chain of labs in South India called 'Hitech Diagnostic Centre'

Ravi Kumar Distilleries Ltd resumes operations at factory

JK Cement Ltd and PRESPL sign a Strategic MoU to Curate a 'Decarbonisation Path', envisioned for Decade and Beyond

Bank of India opens first ever branch in Leh

Kotak Partners Pine Labs as it scales up its Merchant Acquiring Business

IndiGo transported 67.9% of the vaccines as India touches 100-crore dose milestone

Cybertech Systems and Software Ltd Q2FY22 consolidated PAT at Rs. 8.47 crore

Reliance Industries Ltd Q2FY22 consolidated PAT rises to Rs. 13680 crore

Dodla Dairy Ltd Q2FY22 consolidated net profit drops to Rs. 29.39 crore

Zenotech Laboratories Ltd posts Rs. 94.64 lakhs profit in Q2FY22

Inventure Growth and Securities Ltd Q2FY22 consolidated PAT at Rs. 3.70 crore

The Federal Bank Ltd reports consolidated PAT of Rs. 487.99 crore in Q2FY22

Crompton Greaves Consumer Electricals Ltd Q2FY22 consolidated PAT up at Rs. 158.81 crore

Tata Consumer Products Ltd consolidated Q2FY22 PAT at Rs. 268.04 crores

Pioneer Distilleries Ltd Q2FY22 loss at Rs. 21.79 crore

Tata Elxsi Ltd Q2FY22 net profit rises to Rs. 125.33 crore

Kirloskar Ferrous Industries Ltd posts Rs. 119.91 crores PAT in Q2FY22

Control Print Ltd posts Rs. 9.83 crore consolidated PAT in Q2FY22

Sacheta Metals Ltd Q2FY22 net profit at Rs. 0.42 crore

TCI Developers Ltd reports consolidated PAT at Rs. 14.35 lakhs

Huhtamaki India Ltd reports Q3CY21 loss at Rs. 21.84 crore

Garment Mantra Lifestyle Ltd opens 13th store at Surat, Gujarat

Globalspace Technologies Ltd Board recommends Final Dividend of Rs. 0.20

Prismx Global Ventures Ltd launches 'Gudgudi' The First OTT Channel

2021 TCS New York City Marathon App Lets Fans Enjoy a Hybrid Race Experience

Kranti Industries Ltd receives in-principle approval for migration to main board

B P Capital Ltd allots 30 lakh warrants

NALCO's Lean Slurry Project at Angul

Trimurthi Ltd acquires property in Hyderabad

Wendt India Ltd reports earnings for Q2FY22

Shanthi Gears Limited Q2 Revenue at Rs. 71.8 Crs and PBT Rs. 11.3 Crs

TCS & Shell Recognized with 2021 ISG Digital Case Study Award™ for Digital Transformation

Siemens Limited to procure solar power for Kalwa facility

Surana Solar Ltd invests in Surana Infotech Pvt Ltd

PVR announces results for the Quarter & Half Year ended September 30, 2021

Ramkrishna Forgings Ltd Opens Offices in Russia & Europe to further expand its global footprints

INOX Leisure Ltd - Q2'FY22 Financial Results Highlights

Steel Strips Wheels Ltd fixes Nov 22, 2021 as record date for stock split

Apollo Pipes Ltd Board recommends 2:1 Bonus Issue

TCI Express Ltd Board approves interim dividend of Rs. 3

Supreme Industries Ltd Board declares Interim Dividend of Rs. 6

Kajaria Ceramics Ltd Board declares Interim Dividend of Rs. 8

J. Kumar Infraprojects Ltd JV bags order worth Rs. 205.49 crore

Lupin life signs Hrlthik Roshan as the brand ambassador for Be One, Ayurvedic Energy Supplement

Welspun Corp Signs MoU With BP India Pvt. Ltd.

Adani Renewable Energy Holding Fifteen Ltd receives LOA from SECI for 450MW wind power project

The Indian Hume Pipe Company Limited receives LoA for Rs. 156.27 crores order

Zydus announces 'first patient' randomised in EVIDENCES-X Phase II(b) clinical trial of Saroglitazar Mg in NASH

Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2020