Which of the following statements is/are correct with reference to the PLI Scheme for Promotion of Domestic Manufacturing of critical Key Starting Materials?
A. The scheme has been launched by the Department of Pharmaceuticals for promotion of domestic manufacturing of KSMs/APIs.
B. Indian pharmaceutical industry is the 3rd largest in the world by volume.
C. Both A& B
D. None of these
Explanation:
The chemicals and fertilisers ministry has approved 16 applicants under Production Linked Incentive (PLI) scheme for the promotion of domestic manufacturing of critical key starting materials and active pharmaceutical ingredients (APIs) in the country. The scheme has been launched by the Department of Pharmaceuticals for promotion of domestic manufacturing of KSMs/APIs. Indian pharmaceutical industry is the 3rd largest in the world by volume.