November 26, 2021 6:30 PM

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Govt says 55 pharma industries selected under PLI scheme

Production Linked Incentive Scheme for the Pharmaceutical Sector is getting good response from the industry players. Chemical and Fertilizers Ministry has said, 55 pharma industries have been selected under the scheme. It is expected that it will attract investment by the pharmaceutical industry. The objective of the PLI Scheme is to enhance India's manufacturing capabilities by increasing investment and production.<br />'' <br />'' The applications were invited from pharma industries in three different categories to ensure fair competition and broad coverage amongst the industry players. The scheme covers three different product categories for which applicants have applied under the scheme. These products are expected to give an impetus to innovation, research and development and widening of product profile of India Pharmaceutical industry. <br />''  

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