Budget Expectations 2024

Drone Rules and PLI Scheme

Ankit Mehta

“Our expectations for the upcoming Budget 2024-25 is centered around policy measures and fiscal incentives to establish India as a global drone hub by 2030. The foundation laid by the existing Drone Rules and Production-Linked Incentive Scheme is promising, and we look forward to further enhancements in regulatory frameworks and their execution to fuel innovation and industry growth.

As we envision the transformative potential of Union Budget 2024, we see it as a catalyst for India’s drone sector, propelling us to a prominent position on the global stage.”

Ankit Mehta, CEO, ideaForge

Continued support for research and development, along with incentives for technological collaborations, will be instrumental in propelling India’s drone manufacturing capabilities to new heights. Moreover, we hope to see the Government’s commitment to nurturing this budding drone industry as drones are anticipated to play a vital role in facilitating security and governance infrastructure.

As we envision the transformative potential of Union Budget 2024, we see it as a catalyst for India’s drone sector, propelling us to a prominent position on the global stage. The upcoming budget has the power to shape an environment conducive to innovation, growth, and international prominence in the dynamic field of drone technology.”

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