Production-Linked Incentive (PLI) Schemes are a cornerstone of the Government’s push for “Pharmacy of the World”
The objective is to make India’s domestic manufacturing globally competitive and to create global champions in manufacturing.
The thrust to reinforce India as the “Pharmacy of the world” is evident from the PLI Schemes for this sector.
Expenditure to be considered for eligible investments are like New Plant, Machinery, Equipment and Associated Utilities. Research and Development (R&D), Transfer of Technology (ToT) agreements, Product registration, Factory building & associated infrastructure (limited to 20% of Plant & Machinery).