fbpx

PLI Schemes For Promoting Domestic Manufacturing Of Bulk Drugs & Medical Devices revised

  • IASbaba
  • October 30, 2020
  • 0
UPSC Articles
Print Friendly, PDF & Email

PLI Schemes For Promoting Domestic Manufacturing Of Bulk Drugs & Medical Devices revised

Part of: GS Prelims and GS-III – Science and Technology 

In news

  • Chemicals and Fertilizers Ministry has revised the Production Linked Incentive Schemes for promoting domestic manufacturing of bulk drugs and medical devices.

Key takeaways 

  • In the revised guidelines, the ‘Minimum Threshold’ investment requirement has been replaced by ‘committed investment’ taking into account availability of technology choices which varies from product to product.
  • The change has been made to encourage efficient use of productive capital.
  • The Department of Pharmaceuticals earlier come out with the two Production Linked Incentive Schemes: (1) Production Linked Incentive scheme for promotion of domestic manufacturing of critical Key Starting Materials, Drug Intermediates and Active Pharmaceutical Ingredients in India; (2) Production Linked Incentive Scheme for Promoting Domestic Manufacturing of Medical Devices.

Do you know? 

  • Globally, the Indian pharmaceutical industry is the third largest in terms of volume.

For a dedicated peer group, Motivation & Quick updates, Join our official telegram channel – https://t.me/IASbabaOfficialAccount

Search now.....