Govt shows green flag to 4 firms under PLI scheme for bulk drugs including Ritonavir, Levofloxacin
New Delhi: Four waitlisted firms have received approval from the Government under the Production Linked Incentive (PLI) scheme for domestic manufacturing of bulk drugs, an official statement said on Monday.
The Department of Pharmaceuticals, with an objective to attain self-reliance and reduce import dependence in critical Bulk Drugs - Key Starting Materials (KSMs)/ Drug Intermediates and Active Pharmaceutical Ingredients (APIs), had launched a Production Linked Incentive (PLI) Scheme for promotion of their domestic manufacturing by setting up greenfield plants with minimum domestic value addition in four different Target Segments (In Two Fermentation based - at least 90% and in Two Chemical Synthesis based – at least 70% ) with a total outlay of Rs.6,940 cr. for the period 2020-21 to 2029-30.
All the 215 applications received for the 36 products spread across the 4 Target Segments were considered and appraised as per the decided evaluation and selection criteria by the Empowered Committee in its various meetings and selected participants duly informed and Press Notes issued with approval of the Competent Authority.
Now, waitlisted applicants who are otherwise eligible have been approved against slots vacated by withdrawal by companies, which had earlier been granted approvals. The applications of the companies kept in 'Wait List', which have committed minimum/more than the minimum proposed annual production capacities and fulfil the prescribed criteria have been approved, as under:
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