Centre Extends Medical Device PLI Scheme Tenure and Relaxes Rules
· Business · Indian Express
The Central Government has extended the tenure of the Production Linked Incentive scheme for medical device manufacturers by eight years to the 2035-36 fiscal year. The decision arrives as approximately 80 per cent of the scheme's Rs 3,420 crore outlay remains unutilised, leaving Rs 2,700 crore available for disbursement. To improve uptake, the Department of Pharmaceuticals has relaxed the timeline for setting up manufacturing facilities, granting applicants across all segments three years before the five-year performance period begins. The revised guidelines also remove the requirement for minimum sales thresholds to qualify for incentives. Approved applicants who registered prior to October 31 will continue under their previous guidelines.
Why it matters
Medical device manufacturers gain extended timelines and fewer sales barriers to access Rs 2,700 crore in pending incentives, aiming to boost domestic production across segments ranging from consumables to high-end equipment.
Read the original report — Indian Express
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