Union Department of Pharmaceuticals, Ministry of Chemicals and fertilizers has revised the Production Linked Incentive (PLI) Schemes for promoting domestic manufacturing of bulk drugs and medical devices keeping in view the suggestions and comments received from the industry.
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Key-Points
In the revised guidelines, the ‘Minimum Threshold’ investment requirement has been replaced by ‘committed investment’ taking into account availability of technology choices which varies from product to product.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.