Saturday, May 04, 2024

News Destination For The Global Indian Community

News Destination For The Global Indian Community

TECHNOLOGY
LifeMag
Centre prohibits import of foreign-made drones

Centre prohibits import of foreign-made drones

 

The Centre on Wednesday prohibited the import of foreign-made drones, so as to promote the domestic drone manufacturing industry.

As per a Directorate General of Foreign Trade notification, the import prohibition has come into effect from February 9. "Import policy of drones in CBU or CKD or SKD form under 'HS Code 8806' is 'Prohibited' with exceptions provided for R&D, defence and security purposes," the notification read.

However, the import of drone components shall be free.

Last year, the Centre launched the PLI scheme for manufacturing drones and their components. The scheme has provided incentives worth Rs 120 crore in the next three years.

It is expected to drive in investments worth Rs 5,000 crore into the sector in the next three years.

Centre prohibits import of foreign-made drones

Centre prohibits import of foreign-made drones
 

The Centre on Wednesday prohibited the import of foreign-made drones, so as to promote the domestic drone manufacturing industry.

As per a Directorate General of Foreign Trade notification, the import prohibition has come into effect from February 9. "Import policy of drones in CBU or CKD or SKD form under 'HS Code 8806' is 'Prohibited' with exceptions provided for R&D, defence and security purposes," the notification read.

However, the import of drone components shall be free.

Last year, the Centre launched the PLI scheme for manufacturing drones and their components. The scheme has provided incentives worth Rs 120 crore in the next three years.

It is expected to drive in investments worth Rs 5,000 crore into the sector in the next three years.

Leave a comment

Comments (0)

Related Articles

Opinion Express TV

Shapoorji Pallonji

SUNGROW

GOVNEXT INDIA FOUNDATION

CAMBIUM NETWORKS TECHNOLOGY

Opinion Express Magazine