PLI scheme to boost exports, cut trade deficit: Prahalathan Iyer of India Exim Bank
According to India Exim Bank Research, during 2019-20, the cumulative exports from the 10 PLI sectors stood at $71.9 billion with significant untapped potential in the sectors
Nidhi Singal | March 13, 2021 | Updated 00:25 IST
An important step towards boosting investments in domestic manufacturing and cutting down import bills, the government s Production Linked Incentive (PLI) scheme will also help in enhancing overall India s competitiveness of manufacturing exports. The scheme was initially introduced for mobile and allied equipment, pharmaceutical ingredients and medical devices manufacturing, but has been now extended to several other sectors. It now covers a wide array of skill and technology-intensive sectors, including Advance Chemistry Cell (ACC) battery manufacturing, electronics (including telecom products, IT hardware, electronic components), automobile and auto components, bulk drugs
How can Budget 2021 unleash greater potential for healthcare and pharma sector
Similar to the anticipation for the COVID-19 vaccination, the healthcare industry is also looking forward to an incentive booster in the upcoming Union Budget
The medical devices sector and pharma sector play an indispensable role in improving healthcare access
The Indian healthcare industry has significantly evolved in the last decade. However, healthcare provision still remains inequitable. The basic challenge is accessibility to quality and affordable healthcare in most parts of the country. Further, factors such as changing demographics, rising life expectancy, and growing public awareness have contributed to a higher demand for medical care. The medical devices sector and pharma sector play an indispensable role in improving healthcare access.