Indian govt mulling PLI scheme for basic chemicals and API industries

08-06-2023Comments (0)Print

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The Indian government is exploring the possibility of introducing a Production Linked Incentive (PLI) scheme for basic chemicals and active pharmaceutical ingredients (API) industries. The objective of the scheme is to promote domestic manufacturing, increase production, and reduce import dependency.

Minister of Health and Family Welfare and Chemicals and Fertilizers of India Mansukh Mandaviya said the government is developing a PLI scheme on the lines…

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