PLI Scheme for Pharmaceutical Manufacturing
- On 24th February, 2021, the Union Cabinet approved Production Linked Incentive (PLI) Scheme for Pharmaceuticals over a period of Financial Year 2020-21 to 2028-29.
- The scheme will be part of the umbrella scheme for the Development of Pharmaceutical Industry.
- It seeks to enhance India's manufacturing capabilities by increasing investment and production in the sector and contributing to product diversification to high value goods in the pharmaceutical sector.
- It also aims to create global champions out of India who have the potential to grow in size and scale using cutting edge technology and thereby penetrate the global value chains.
Need
- At present, low ....
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