1 year ago

India Launches PLI Scheme to Boost Pharma Manufacturing

India Launches PLI Scheme to Boost Pharma Manufacturing
PLI scheme for 11 pharma products rolled out · The Hindu

The Indian government is offering money to drug companies that make certain medicines in India.

This program aims to help make more of these medicines inside the country instead of buying them from other places.

This PLI scheme includes 11 medicines, like those used to treat infections.

Companies have until June 14th to ask for this money.

This is part of a larger plan to boost manufacturing, create jobs, and increase exports.

The government previously launched similar schemes for other industries, with billions of dollars invested so far.

Key facts

Application Deadline
June 14
Eligible Products
11
Incentive Tenure
Up to FY28 (chemical synthesis), FY29 (fermentation-based)
Investment in 14 sectors PLI schemes (by Nov 2024)
$18.72 billion
Incentives disbursed for 10 sectors
₹14,020 crore
KSMs, DIs and APIs covered under the scheme
41 products

Sources

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