Revamped medical device PLI to boost localisation, widen manufacturing base
· Business · Business Standard
The Indian government is restructuring its Production Linked Incentive (PLI) scheme for the medical device sector to encourage deeper domestic manufacturing. This policy shift aims to reduce the country's heavy reliance on imported medical equipment by incentivizing local production of high-end components. Officials intend to widen the manufacturing base by making the incentive criteria more accessible to a broader range of domestic firms. The initiative aligns with broader efforts to position India as a global hub for medical technology and healthcare supplies. Further details on the specific financial outlays and eligibility changes are expected to be released by the relevant ministry.
Why it matters
This policy change directly impacts domestic medical device manufacturers and healthcare providers by potentially lowering equipment costs and improving supply chain resilience within India.
Read the original report — Business Standard
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