📰 News ⏱ 2 min

How Is India Boosting Medicine and Device Production? 🚀

India launched the Production Linked Incentive program to give money to companies that make medicines and health tools.

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Key Points

4 points

The bulk‑drug incentive allocated about 6,940 crore rupees to increase local ingredient production.

Pharmaceutical incentive attracted around 46,744 crore rupees, far above its target.

Medical‑device incentive offers a 5% bonus on sales for five years.

Together, the three schemes support the Make in India goal and create over 120,000 jobs.

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The plan supports 48 projects for medicine ingredients and 55 companies for advanced drugs, creating many jobs.

It also helps build 57 new medical devices such as MRI and CT scanners, reducing the need to import them.

Overall, the scheme aims to make India stronger in health manufacturing and help the economy.

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7 words

Production Linked Incentive

A government plan that gives money to companies when they produce more items.

pharmaceuticals

Medicines and drugs.

medical devices

Machines and tools used in hospitals and clinics.

Active Pharmaceutical Ingredient

The part of a medicine that makes it work.

bulk‑drug

Large‑scale production of basic medicine ingredients.

MRI

Magnetic Resonance Imaging, a big scanner that shows pictures inside the body.

CT scanner

Computed Tomography scanner, a machine that takes detailed cross‑section pictures of the body.

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