: Cabinet approves PLI scheme for pharmaceuticals #FinanceIndia #StockMarketNEWS Cabinet approves PLI scheme for pharmaceuticals New Delhi, Feb 24 (KNN) The Union Cabinet approved Production Linked
@StockMarketNEWS Thu 25 Feb, 2021
Cabinet approves PLI scheme for pharmaceuticals #FinanceIndia #StockMarketNEWS
Cabinet approves PLI scheme for pharmaceuticals New Delhi, Feb 24 (KNN) The Union Cabinet approved Production Linked Incentive (PLI) Scheme for Pharmaceuticals on Wednesday over a period of Financial Year 2020-21 to 2028-29 to boost domestic manufacturing.
The scheme is expected to promote the production of high value products in the country and increase the value addition in exports. Total incremental sales of Rs.2,94,000 crore and total incremental exports of Rs.1,96,000 crore are estimated during six years from 2022-23 to 2027-28, according to an official statement.
The scheme is expected to generate employment for both skilled and un-skilled personnel, estimated at 20,000 direct and 80,000 indirect jobs as a result of growth in the sector.
It will promote innovation for development of complex and high-tech products including products of emerging therapies and in-vitro Diagnostic Devices as also self-reliance in important drugs.
It is also will to improve accessibility and affordability of medical products including orphan drugs to the Indian population. The Scheme is also expected to bring in investment of Rs.15,000 crore in the pharmaceutical sector.
The scheme will be part of the umbrella scheme for the development of pharmaceutical industry. The objective of the scheme is to enhance Indias manufacturing capabilities by increasing investment and production in the sector and contributing to product diversification to high value goods in the pharmaceutical sector.
One of the further objectives of the scheme is to create global champions out of India who have the potential to grow in size and scale using cutting edge technology and thereby penetrate the global value chains.
Stock Market News & Best Intraday tips & Stocks near support
More posts by @StockMarketNEWS
: Latest market news Daily updates #StockMarketNEWS Bse sensex settle the f&o series for the month of february at 51,039 levels, up 258 points or 0.5 per cent
@StockMarketNEWS Thu 25 Feb, 2021
: Latest market news Daily updates #StockMarketNEWS Bse sensex zoomed to day's high during the fag-end of the session, soaring 1,130 points. the index, however, ended 1,030 points, or 2 per cent, higher at 50,782 levels
@StockMarketNEWS Wed 24 Feb, 2021
0 Comments
Sorted by latest first Latest Oldest Best
Stock Exchange charts NSE Stock Exchange BSE Stock Exchange USA Stock Exchange Stock Charts NSE FNO Stock Analysis
NSE Stock Exchange NSE stock market news stock intraday tips
MNC.News NASDAQ NSE BSE Money SIP
Munafa NEWSTerms of Use Create Support ticket Your support tickets Powered by ePowerPress Stock Market News! Top Seo SMO © munafa.website2024 All Rights reserved.