Business

Centre Reopens PLI Scheme For 11 Drug Products To Boost Domestic Manufacturing

The Centre’s Department of Pharmaceuticals has invited applications from drugmakers under the production-linked incentive (PLI) scheme to set up new manufacturing capacities for 11 eligible products.

These include Neomycin, Gentamycin, Erythromycin, Streptomycin, Tetracycline, Ciprofloxacin and Diclofenac Sodium.

The Department noted that these are either unsubscribed or partially subscribed products. Manufacturers must submit their applications by 14 June.

India’s pharma exports crossed $30 billion in FY25, with a 31% surge in March. The PLI scheme aims to further strengthen the sector.

Applicants must meet several conditions. These include allocation based on available capacities, a ceiling on incentives for each product, and a limit on incentive duration.

Chemical synthesis products will be eligible until FY28, while fermentation-based products qualify until FY29.

The scheme excludes companies that had earlier received approval but later withdrew or were disqualified.

The Pharmaceuticals Export Promotion Council of India (Pharmexcil) urged its members to take advantage of the new opportunity.

Pharmexcil Director General Raja Bhanu said the scheme offers a major boost for enhancing the production of critical pharmaceutical components.

This decision is part of the government’s ongoing push to promote domestic production of key starting materials, drug intermediates and active pharmaceutical ingredients (APIs).

In 2020, the government launched PLI schemes across 14 sectors, including bulk drugs, medical devices and pharmaceuticals, to spur production, create jobs and raise exports.

The scheme for KSMs, DIs and APIs covers 41 products and has an outlay of ₹6,940 crore.

As of March 2025, 764 applications had been approved under the PLI schemes. Investment worth ₹1.61 lakh crore ($18.72 billion) had been reported by November 2024.

Incentives of ₹14,020 crore have been disbursed across 10 sectors, including pharma, electronics, IT hardware and drones.

Also Read: Indian Startups Secure $139.5 Million In 21 Deals Amidst Market Uncertainty

Ajaypal Choudhary

Recent Posts

EAM Jaishankar Holds Talks With Armenian PM Pashinyan In Delhi, Reviews Gulf And Ukraine Crises

External Affairs Minister S Jaishankar met Armenian Prime Minister Nikol Pashinyan during his brief halt…

2 hours ago

Sharada Peeth: Preserving India’s Ancient Intellectual And Spiritual Heritage In PoJK

Sharada Peeth in Pakistan-occupied Jammu and Kashmir represents India's ancient intellectual, spiritual and civilisational heritage.

3 hours ago

India Target Series-Clinching Win Against New Zealand In Final ODI At Mount Maunganui

India will face New Zealand in the series-deciding fifth ODI at Mount Maunganui after suffering…

4 hours ago

Minor Accused Of Setting Dupattas Ablaze Outside Saree Showroom In Meerut

A minor allegedly set fire to dupattas displayed outside a saree showroom in Mawana, Meerut,…

4 hours ago

Mekedatu Row: Tamil Nadu CM Joseph Vijay Likely To Meet PM Modi In Delhi On November 16

Joseph Vijay is expected to travel to the national capital to discuss Karnataka’s Mekedatu dam…

5 hours ago

PM Modi, Amit Shah Congratulate India’s Young Cricketers On U-19 Asia Cup 2026 Triumph

Prime Minister Modi and Union Home Minister Amit Shah congratulated the Indian team after its…

5 hours ago