PLI scheme for Bulk Drugs
PLI Scheme for Bulk Drugs
In total
239 applications have been received for the 36 products spread across the 4
Target Segments for the PLI schemes for Bulk Drugs from all over the country in
two rounds of applications. Out of these, 49 applications have been approved by
the Government till date.
Why is it
in news?
The Government promoted the Scheme by holding meetings with
the Industry associations, manufacturers & investors. It also held
interactions with number of state governments as well as foreign embassies. The
Guidelines of the Scheme were also uploaded on the Department’s website for
wider dissemination. The Scheme was also promoted through print and electronic
media as well as social media handles.
Highlights
The selected 49 applications are from 33 companies, out of
these 33 companies, 13 are Micro, Small and Medium Enterprises (MSMEs), besides
some newly incorporated entities.
The Scheme provides for minimum domestic value addition to be
achieved by each approved applicant. Thus, these large numbers of projects
approved under the Scheme will also accelerate domestic procurement, which will
further strengthen the eco system and marketplace for MSME sector.
The information was given by the Minister of State for
Chemicals and Fertilizers, Shri Bhagwanth Khuba in a written reply in
the Rajya Sabha on 9th March, 2022.