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In the revised guidelines, the ‘Minimum Threshold’ investment requirement has been replaced by ‘committed investment’ taking into account availability of technology choices which varies from product to product.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.
