Production Linked Incentive Scheme for Promoting Domestic Manufacturing of Medical Devices to promote indigenous manufacturing of medical devices
Production Linked Incentive Scheme for Promoting Domestic Manufacturing of Medical Devices to promote indigenous manufacturing of medical devices
The Government of India launched the Production Linked Incentive (PLI) Scheme for Promoting Domestic Manufacturing of Medical Devices in 2020, to promote indigenous manufacturing of medical devices. Total financial outlay of the scheme is Rs. 3,420 crore with production tenure from FY 2022-2023 to FY 2026-27. The scheme provides incentive to selected companies at the rate of 5% on incremental sales of medical devices manufactured in India and covered under the four Target segments of the scheme, for a period of five (5) years.
Under the scheme, 19 green-field projects have been commissioned and production of 44 products including high end medical devices such as Linear Accelerator, MRI machines, CT-Scans, Mammograms, C- Arms, Ultrasound machines etc., which were previously imported into the country has started. The cumulative sales made by the applicants under the scheme upto September, 2024 is Rs 8,039.63 crore (which includes exports worth Rs 3,844.01 crore).
Four greenfield projects under the scheme have been established so far in the state of Gujarat. The details of the projects in Annexure.
Annexure
S. No.
Name of Applicant
Product
Location of the Project
1
Envision Scientific Private Limited
Stents
PTCA Balloon Catheter
Surat, Gujarat
2
Meril Healthcare Private Limited
Hip Implants
Knee Implant
Trauma Implant
Vapi, Gujarat
3
Meril Life Sciences Private Limited
Heart Valves
Stents
PTCA Ballon Catheter
Vapi, Gujarat
4
Sahajanand Medical Technologies
Private Limited
Heart Valves,
Stents,
PTCA Balloon Dilatation Catheter
Heart Occluders
Surat, Gujarat
This information was given by the Union Minister of State for Chemicals and Fertilizers Smt Anupriya Patel in Rajya Sabha in a written reply to a question today.