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Foreign investors should note that PLI schemes are fast becoming the preferred vehicle for India's incentives to boost local manufacturing capacity creation. ....
Atmanirbhar Pharma Sector: Govt Clears 19 Applications With Committed Investment Of Rs 4,623 Crore Under PLI Scheme Prime Minister Narendra Modi with Finance Minister Nirmala Sitharaman. With an objective to attain self-reliance and reduce import dependence in India s pharmaceutical sector, the government has cleared 19 applications with a committed investment of Rs 4,623.01 crore under its ambitious production linked incentive (PLI) scheme for the promotion of domestic manufacturing of critical key drug intermediates and active pharmaceutical ingredients (APIs), reports Economic Times. The development comes as the Department of Pharmaceuticals had launched a PLI Scheme for promotion of their domestic manufacturing by setting up greenfield plants with minimum domestic value addition in four different Target Segments two in fermentation based with at least 90 per cent and two in Chemical Synthesis based with at least 70 per cent - with a total outlay of Rs. 6,940 ....
PLI scheme: Government approves 19 applications for domestic manufacturing of APIs, key drug intermediates indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.