News | March 10, 2022
Medical devices production under PLI scheme gets off the ground
A total of 21 applicants have been approved for 49 products, with the potential to utilize an incentive amount of Rs. 2541 crore
A total of 21 applicants have been approved for 49 products, with the potential to utilize an incentive amount of Rs. 2541 crore
Collaboration in the industry needs to be institutionalised to drive the growth.
The aim is to strengthen industry-academia cooperation
The setting up of these 8 plants will lead to a total committed investment of Rs. 260.40 crore
Approvals accorded under Production Linked Incentive (PLI) Scheme for promotion of domestic manufacturing of critical Key Starting Materials (KSMs)/ drug intermediates and Active Pharmaceutical Ingredients (APIs
Betting big on talent, resources, and the ecosystem required for innovation and enterprise, Prime Minister Narendra Modi invited stakeholders to ideate in India, innovate in India and Make in India for the world
FDI increased 98% year on year in 2020 and pharma exports grew by 18% in the last financial year
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The council has also reduced the GST to 5 per cent on a few more Covid-19 medicines
Union Minister addresses the 13th CII Global MedTech Summit on the sunrise medical devices sector in India
The govt has rolled out three schemes for promoting the manufacture of API
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