Govt extends ₹2,700 crore PLI scheme for medical devices to 2035–36 and invites new applications
Manufacturers will get three years to set up factories, and the minimum sales level needed to claim incentives has been dropped.
- Outlay: ₹2,700 crore
- Devices made locally: 60+
- Output so far: ₹16,000 crore+
What changed
The Department of Pharmaceuticals said on Tuesday that the production-linked incentive scheme for medical devices will now run until 2035–36. Companies can apply again through an online portal, which is due to open within about 10 days. The scheme's outlay remains ₹2,700 crore.
Easier rules
Approved companies get three years to start making products. The government has also lowered the minimum investment it expects and removed the minimum sales level needed to claim incentives, which should help smaller firms take part.
Why it matters
India imports most of its high-end medical equipment. The government says the scheme has already helped bring local production of more than 60 high-end devices and parts, including MRI and CT scanners, worth over ₹16,000 crore.
