Global Trade Alert
Global Trade Alert

India: Scheme to incentive manufacturing of medical devices announced

Announcement

21 Mar 2020

India has announced two schemes to support the domestic manufacturing of medical devices.

Source

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Number of interventions

2

2 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

01 Apr 2020

Revocation date:

31 Mar 2025

Announced: 21 Mar 2020
Production subsidy
A Production Linked Incentive (PLI) scheme has been announced to incentivize domestic manufacturing of medical devices. The Scheme has a corpus of INR 3420 crore (~USD 453 million) and will provide an...
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Announced: 21 Mar 2020
State aid, nes
On 21 March 2020, the Indian Union Cabinet of Ministers approved two schemes for promoting domestic manufacturing of medical devices. A scheme to promote the development of 4 Medical Device Parks that...
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