Applicable Laws & Legal Compliances for India
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Published date: October 19, 2023
- Location: Janak Puri, New Delhi, South West Delhi, Delhi, India
This Notification, combined with the recently introduced UAV Production Linked Incentive (“PLI”) plan, will encourage overseas manufacturers to establish a presence in India, while simultaneously delivering a boost to domestic production. This initiative by the government will result in a rise in investment in the Indian drone sector, as well as provide more job possibilities. In addition, these improvements will allow Indian drone start-up companies to increase the production and contribute to the country’s total drone manufacturing boom. However, it must be determined whether Indian drone makers have the capacity to serve the entire drone market (even on a price parity basis) without relying on foreign drones at this time. To bring domestically built drones on pace with imported drones, the sector must maintain competitive price points. It is also expected that the DGCA will be prompt in issuing approvals to foreign companies seeking to manufacture in India, in order to provide a level playing field. Indian importers who have placed an order with foreign companies for the import of drones will be harmed in the short term, as the recent Notification on 8–02–2022 will take effect immediately. The DGFT may have considered phasing down the Notification as a precautionary step, while considering the interests of drone importers and producers in mind. Foreign importers or manufacturing companies would have been able to systematically adhere with the regulatory change as a result of this.
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