40 medical devices, bulk drug units take off under PLI

Minister for Chemicals and Fertilisers Mansukh Mandaviya said the country has taken a big step towards self-reliance, with the commissioning of 27 new bulk drug facilities and 13 medical device manufacturing plants.

PTI
Mansukh Mandaviya
Union minister for chemicals and fertilisers Mansukh Mandaviya on Saturday inaugurated 40 projects under the production-linked incentive scheme aimed at reducing India's dependence on imports of bulk drugs and medical devices.

Of these greenfield facilities, 27 are for bulk drugs and 13 are for manufacturing medical devices.

The bulk drugs which will be produced at these facilities include levofloxacin, ofloxacin, telmisartan, vitamin B6 and diclofenac sodium. The new plants for medical devices will manufacture machines for CT scan and MRI, cath lab and ultrasonography, as well as oxygen concentrators, ventilators, dialysis machines and stents, among others.


"Soon penicillin G will be made in India," the minister said. It has not been produced in India for the last 30 years, "now, under Atmanirbhar Bharat, we will produce it in the country itself", he added.

The PLI scheme with a total outlay of ?6,940 crore envisages manufacturing of 41 bulk drugs during the tenure of the scheme from FY21 to FY30, Mandaviya said.
Download
The Economic Times Business News App
for the Latest News in Business, Sensex, Stock Market Updates & More.
Download
The Economic Times News App
for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
READ MORE
ADVERTISEMENT

READ MORE:

LOGIN & CLAIM

50 TIMESPOINTS

More from our Partners

Loading next story
Business News › News › India › 40 medical devices, bulk drug units take off under PLI
Text Size:AAA
Success
This article has been saved

*

+