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India extends medical device manufacturing incentives to 2035–36
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India has extended its production-linked incentive scheme for medical devices through 2035–36 and invited a fresh round of applications. About ₹2,700 crore is available under the scheme for this purpose, the Department of Pharmaceuticals said in a November 10 release issued by the Press Information Bureau. The department said it expected the application portal to open within ten days of the announcement.
Under the revised rules, manufacturers no longer have to reach a minimum sales threshold to claim the incentive. The department also lowered the minimum investment requirement and said applicants would have three years to set up manufacturing facilities.
The four eligible segments cover medical consumables and implants, critical components, high-end devices at an early stage of domestic production, and high-end devices that are currently only assembled in India.
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