The Ministry of Chemicals and Fertilizers announced a milestone on Friday with the completion of 32 projects under the Production Linked Incentive (PLI) Scheme aimed at promoting domestic manufacturing of critical Key Starting Materials (KSMs), Drug Intermediates, and Active Pharmaceutical Ingredients (APIs).
According to a press release by the Ministry of Chemicals and Fertilizers, these projects, with a cumulative installed capacity of 56,679 metric tons (MT) per annum, are expected to strengthen India’s pharmaceutical supply chain and reduce dependency on imports.
The PLI Scheme, with a financial outlay of Rs 6,940 crores, was approved by the Cabinet with the objective of boosting domestic bulk drug production, enhancing supply chain resilience, and minimizing reliance on imported raw materials. The scheme’s production period spans from the fiscal year 2022-23 to 2028-29.
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