PLI SCHEMES FOR PROMOTING DOMESTIC MANUFACTURING OF BULK DRUGS & MEDICAL DEVICES

About:

• In the revised guidelines, the ‘Minimum Threshold’ investment requirement has been replaced by ‘committed investment’ taking into account availability of technology choices which varies from product to product.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-
  • Production Linked Incentive scheme for promotion of domestic manufacturing of critical Key Starting Materials, Drug Intermediates and Active Pharmaceutical Ingredients in India and
    
    
  • Production Linked Incentive Scheme for Promoting Domestic Manufacturing of Medical Devices.
    
    
  
  
  
• After approval of Cabinet, detailed guidelines for the implementation of the schemes were issued by the Department of Pharmaceuticals in July this year.