Government opens fresh PLI applications for medical devices
In short
The government has opened fresh applications under the PLI scheme for medical devices and extended it till 2035-36.
It also removed the minimum sales threshold for incentives and lowered the base investment needed from manufacturers. This could make it easier for more companies to join the scheme.
What the reporting says
The government invited fresh applications under the production-linked incentive scheme for medical devices and extended the scheme’s tenure till 2035-36. The changes are aimed at widening participation in the scheme and making incentive claims easier for manufacturers.
Why it matters
The Department of Pharmaceuticals under the Ministry of Chemicals and Fertilizers has invited fresh applications under the PLI scheme for medical devices. The revised rules extend the scheme’s tenure to 2035-36, remove the minimum sales threshold for incentives, and scale down the baseline capex requirement. The change affects medical device manufacturers seeking government-linked incentives.