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Cabinet to approve PLI scheme for electronics, medical devices

Cabinet to approve PLI scheme for electronics, medical devices
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16 States keen on developing medical devices parks - The Hindu BusinessLine

16 States keen on developing medical devices parks February 23, 2021 Telangana promotes medical device manufacturing in a big way The Union government is scrutinising applications received from 16 States that showed interest in promoting medical devices parks, according to S Eswara Reddy, Joint Drugs Controller at the Central Drugs Standard Control Organisation. Addressing a session on ‘Medical Technologies – the next big opportunity for India’ at the BioAsia-2021 on Tuesday, he said the government had introduced an incentive-based scheme to encourage indigenous production of medical devices. The Government has already cleared a few categories of medical devices under the PLI (Production Linked Incentive) scheme. The salient feature of the scheme is that the government will provide 5 per cent incentive on incremental sales of devices manufactured in the country,” he said.

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