The drone and its components industry can significantly strengthen India’s manufacturing potential to US$ 23 billion approximately by 2030. Given the Aatmanirbhar Bharat Abhiyan’s guidelines, India has a good chance of becoming a global drone powerhouse as there is a huge demand for drones and drone-as-a-service. The drone value chain affects a wide range of sectors and end consumers, including manufacturing and value-added service components. In the short term, strong opportunities exist for the localization of components like batteries, airframes and motors. India’s drones and drone component manufacturing industry have the possibility to attract investments worth US$ 632.6 million, which will enhance our domestic manufacturing within the country and create more than 10,000 direct employments over the next three years.