Industry

PLI: Centre’s nod for 33 API applications

The government has approved 33 applications with a committed investment of ₹5,082.65 crore under the production linked incentive scheme for active pharmaceutical ingredients, an official release said on Thursday.

Setting up of these plants will make the country self-reliant to a large extent in respect of these bulk drugs, it noted.

The Department of Pharmaceuticals had unveiled a PLI scheme for the promotion of domestic manufacturing in four different target segments with a total outlay of ₹6,940 crore for the period 2020-21 to 2029-30.


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Printable version | Jun 24, 2021 3:01:50 PM | https://www.thehindu.com/business/Industry/pli-centres-nod-for-33-api-applications/article34048447.ece

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