PLI Scheme Analysis for India's Pharmaceutical Sector | Production Linked Incentives

Описание: India holds a special place on the global pharmaceuticals map. The sector has grown at a consistent pace to emerge as the third largest producer, by volume, in the world with a leading position in supply of generic drugs and low-cost vaccines.

The sector witnessed major disruptions due to the pandemic which has led players to shift focus towards de-risking of their supply chains and manufacturing operations.

The government has undertaken several progressive initiatives to strengthen the domestic manufacturing ecosystem, such as the Production Linked Incentive (PLI) schemes, schemes for promotion of bulk drug parks, medical devices parks, among others.

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