As healthcare agencies cite the need for moving more and more patients to secure home care settings and reduce the burden on traditional healthcare facilities, the demand for connected medical
North America Connected Medical Devices Market Research Report Covers North America Medical Device System Component, Medical Device Connectivity Technology.
Govt launches PLI Scheme for manufacturing of medical devices with Rs 3420 Cr Govt launches PLI Scheme for manufacturing of medical devices with Rs 3420 Cr 11 February 2021 | News Source credit: Shutterstock The medical device sector in India suffers from a considerable cost of manufacturing disability vis-à-vis competing economies, inter alia, on account of lack of adequate infrastructure, domestic supply chain and logistics, high cost of finance, inadequate availability of power, limited design capabilities, low focus on research and development (R&D) and skill development etc. With an objective to boost domestic manufacturing, attract large investment in the medical device sector, the Department of Pharmaceuticals has launched a Production Linked Incentive (PLI) Scheme for Promotion of Domestic Manufacturing of Medical Devices to ensure a level playing field for the domestic manufacturers of medical devices with a total financial outlay of Rs 3,420 crore for the period 2020-21 to 2027-28.