Govt. gives nod to several firms under PLI scheme for medical devices

  • Under the Production Linked Incentive (PLI) scheme for the promotion of domestic manufacturing, the government has accepted applications from several manufacturers of medical devices, an official statement said.

  • Siemens Healthcare, Sahajan and Medical Technologies, Nipro India Corporation and Wipro GE Healthcare are among the firms, said the Ministry of Chemicals and Fertilizers.

  • The setting up of these plants would lead to a total committed investment of Rs 729.63 crore by the companies and jobs generation for about 2,304 persons, it added

  • Commercial production is scheduled to start on 1 April 2022 and the government’s disbursement of production-related incentives over the five-year period will be up to a maximum of Rs 121 crore per applicant per target group, the statement said.

  • Setting up these plants would make the country to a large extent self-reliant in the medical devices sector in the defined target segments, it added.

  • Four distinct target groups, including cancer care/radiotherapy medical devices, radiology and imaging and nuclear imaging devices, anaesthetics and cardio-respiratory medical devices, including cardio-respiratory catheters and renal care medical devices, and all implants including implantable electronic devices, the ministry said.

Source: https://www.expresshealthcare.in/amp/archive/market/govt-gives-nod-to-several-firms-under-pli-scheme-for-medical-devices/4273

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