{"id":257862,"date":"2021-11-29T13:30:01","date_gmt":"2021-11-29T08:00:01","guid":{"rendered":"https:\/\/www.scconline.com\/blog\/?p=257862"},"modified":"2021-11-29T11:44:16","modified_gmt":"2021-11-29T06:14:16","slug":"ministry-notifies-production-linked-incentive-pli-scheme-for-the-pharmaceutical-sector","status":"publish","type":"post","link":"https:\/\/www.scconline.com\/blog\/post\/2021\/11\/29\/ministry-notifies-production-linked-incentive-pli-scheme-for-the-pharmaceutical-sector\/","title":{"rendered":"Ministry notifies Production Linked Incentive (PLI) scheme for the Pharmaceutical Sector"},"content":{"rendered":"<p style=\"text-align: justify;\">The Ministry of Chemical and Fertilizers has notified the Production Linked Incentive (PLI) scheme for the Pharmaceutical Sector on November 26, 2021.<\/p>\n<p>&nbsp;<\/p>\n<p style=\"text-align: justify;\">Key highlights:<\/p>\n<ul style=\"text-align: justify;\">\n<li>The scheme seeks to enhance India\u2019s manufacturing capabilities by increasing investment and production in the sector and contributing to product diversification to high value goods in the pharmaceutical sector.<\/li>\n<li>The scheme shall provide financial incentives on the incremental sales (over Base Year) of pharmaceutical goods and in-vitro diagnostic medical devices to selected applicants based on pre-defined selection criteria. The incentives shall be paid for a maximum period of 6 years for each participant depending upon the threshold investments and sales criteria to be achieved by the applicant.<\/li>\n<li>The scheme covers three different product categories for which applicants have applied under the scheme:<\/li>\n<\/ul>\n<ol>\n<li style=\"list-style-type: none;\">\n<ol style=\"text-align: justify;\">\n<li>Category 1: Biopharmaceuticals, Complex generic drugs, Patented drugs, or drugs nearing patent expiry, Cell based or gene therapy drugs, Orphan drugs, Special empty capsules like HPMC, Pullulan, enteric etc., Complex excipients, Phyto-pharmaceuticals.<\/li>\n<li>Category 2: Active Pharmaceutical Ingredients \/ Key Starting materials \/ Drug Intermediates (except the Active Pharmaceutical Ingredients \/ Key Starting materials \/ Drug Intermediates covered under the earlier PLI scheme for APIs\/KSMs and DIs being implemented by the Department)<\/li>\n<li>Category 3 (Drugs not covered under Category 1 and Category 2): Repurposed drugs; Auto immune drugs, anti-cancer drugs, anti-diabetic drugs, anti-infective drugs, cardiovascular drugs, psychotropic drugs, and anti-retroviral drugs; In vitro diagnostic devices; Other drugs not manufactured in India.<\/li>\n<\/ol>\n<\/li>\n<\/ol>\n<ul>\n<li style=\"text-align: justify;\">A Technical Committee has been constituted, comprising of experts is assisting the Department in relation to the technical aspects of the scheme. SIDBI has put in place a digital mechanism for business processes being followed under the scheme. A vigorous monitoring framework shall also be put in place to track the progress of the scheme.<\/li>\n<\/ul>\n<h4><\/h4>\n<hr \/>\n<h4><span style=\"color: #0000ff;\">*Tanvi Singh, Editorial Assistant has reported this brief.<\/span><\/h4>\n","protected":false},"excerpt":{"rendered":"<p>The Ministry of Chemical and Fertilizers has notified the Production Linked Incentive (PLI) scheme for the Pharmaceutical Sector on November 26, 2021. <\/p>\n","protected":false},"author":121,"featured_media":257864,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[4,1193],"tags":[],"class_list":["post-257862","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-legislationupdates","category-notifications"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.4 (Yoast SEO v27.4) - 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