Details:

• The Union Cabinet approved the Production Linked Incentive (PLI) Scheme for the pharmaceuticals and IT hardware sectors, entailing an outlay of Rs. 15,000 crore and Rs. 7,350 crore, respectively.
• The PLI scheme for pharmaceuticals, for nine years till 2028-29, will benefit domestic manufacturers, help create employment and is expected to contribute to the availability of a wider range of affordable medicines for consumers, the government said.
• The scheme is expected to bring in investment of Rs. 15,000 crore in the pharmaceutical sector.
• The scheme also aims to create global champions from India that have the potential to grow in size and scale using cutting edge technology and thereby penetrate global value chains.
• The Cabinet also approved the PLI Scheme for IT hardware such as laptops, tablets, all-in-one PCs and servers.
• This is an important segment to promote manufacturing under AtmaNirbhar Bharat as there is huge import reliance for these items at present.

https://www.thehindu.com/todays-paper/tp-business/cabinet-approves-pli-plan-for-pharmaceuticals-it-hardware/article33928120.ece

Download PDF