Centre issues rules for second PLI plan for pharma worth &#

Centre issues rules for second PLI plan for pharma worth ₹15,000 cr


Centre issues rules for second PLI plan for pharma worth ₹15,000 cr
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The government on Tuesday said it will offer as many as 55 drugmakers a total of ₹15,000 crore in production-linked incentives for six years through FY29 to boost manufacturing of medicines, in-vitro diagnostics and their raw materials in India.
The incentives, similar to cashbacks, would be given to the drugmakers as a proportion of incremental sales, over and above the revenue generated by the product in the financial year 2019-20.
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