8 months ago
India's Pharma PLI Scheme Achieves ₹26,832 Crore Sales
The Indian government has a special program called the Production-Linked Incentive (PLI) Scheme to help make more medicines.
This program has helped sell medicines worth ₹26,832 crore, with a big part of it being sold to other countries.
The government gives money back to companies that make more medicines.
There's also another program called the Aroma Mission, which helps farmers grow special plants that smell nice.
This has created a lot of jobs in villages and helped make products like essential oils.
Many people have been trained to work with these plants, and new ways to use them have been developed.
46 biopharmaceutical products are being produced under the ₹15,000 crore PLI scheme.
Total sales of these products reached ₹26,832 crore, with ₹16,290 crore from exports.
The government provides a 10% incentive on the value of incremental sales under the PLI scheme.
The CSIR Aroma Mission has produced 6,000 tonnes of essential oils worth ₹600 crore, creating 1 crore rural jobs.
Over 51,000 hectares are covered under aromatic crops, with 4,500 aroma clusters developed in 28 states.
- Who
- Department of Pharmaceuticals, Department of Science and Technology, Council for Scientific and Industrial Research
- What
- Production-Linked Incentive (PLI) Scheme and CSIR Aroma Mission
- Where
- India, 28 states including tribal areas
- When
- Between 2022-23 and the current financial year till September, 2017 for Aroma Mission
- Why
- To boost biopharmaceutical production and create rural jobs through aromatic crops
Key facts
- Scheme Name
- Production-Linked Incentive (PLI) Scheme
- Total Sales
- ₹26,832 crore
- Export Sales
- ₹16,290 crore
- Number of Products
- 46 biopharmaceutical products
- Government Incentive
- 10% of incremental sales value
- Scheme Budget
- ₹15,000 crore
- Aroma Mission Essential Oils
- 6,000 tonnes
- Aroma Mission Value
- ₹600 crore
- Rural Jobs Created
- 1 crore
- Aroma Clusters
- 4,500 in 28 states
- Training Programs
- 2,096
- Workers Trained
- 1.22 lakh
- Women Trained
- 10,000
- Entrepreneurs Supported
- 110
