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PLI for medical devices allocated Rs 3420 Cr: MoS

By TIOL News Service

NEW DELHI, DEC 18, 2024: 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 Anupriya  Patel in Rajya Sabha in a written reply to a question yesterday.


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