Pharma, medical equipment PLI schemes to make India secure in critical drugs, says Mandaviya
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New Delhi: The production linked incentive (PLI) schemes for the pharma and medical equipment sectors would go a long way in making the country secure when it comes to critical drugs, Union Chemicals and Fertilisers Minister Mansukh Mandaviya said on Thursday.
Speaking at the inaugural session of the first Global Innovation Summit 2021 organised by Indian Pharmaceutical Alliance, the minister thanked the domestic pharma industry for playing a stellar role in supplying medicines and vaccines amid the COVID 19 pandemic.
"The Prime Minister has given the vision of Atma Nirbhar Bharat that is a self-reliant India. In recent times, India has announced different PLI schemes for pharmaceuticals and medical equipment. It will not only help reduce import burden, but also help us become secure in critical drugs," Mandaviya noted.
Appreciating the efforts of the industry during the pandemic, he said that the Indian pharma sector thrived in the challenging time and proved itself as the pharmacy of the world.
Read also: Pharma PLI scheme can generate Rs 1.96 lakh crore export over 6 years: Union Health Minister
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