Pharma, medical devices firms asked to begin production at earliest under PLI scheme
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New Delhi: Chemicals and Fertilisers Minister Sadananda Gowda on Tuesday called upon the companies whose projects have been approved under the PLI scheme to start production at the earliest.
Gowda, while virtually addressing a workshop of selected applicants under the PLI scheme for bulk drug and medical devices, noted that sooner production starts, the quicker India will be able to provide pharma and medical devices products to domestic and global markets at competitive rates.
He said as the pandemic exposed the global vulnerabilities of the supply chains in the pharma sector, the Department of Pharmaceuticals launched the Production Linked Incentive (PLI) scheme for promoting domestic manufacturing of bulk drugs, with a financial outlay of Rs 6,940 crore across 53 APIs over six years.
He said the pandemic has also brought up opportunities to become self-reliant in production of active pharmaceutical ingredients (APIs) and key starting materials (KSMs), the building blocks of pharmaceuticals.
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