CII Calls for Extended PLI Scheme to Boost India's Medical Device Sector

The medical equipment industry in India has recently received support from the Confederation of Indian Industry (CII) to further expand the Production Linked Incentive (PLI) scheme with focus just for the medical device industry. Employing this strategy, government’s idea is to promote the domestic sector to rely less on imports and move the operation to make medical devices a key manufacturing sector in India.

It allows the government to expand the PLI scheme, encourage manufacturers to come up with innovative technologies, new product development, and train their employees to ensure they are qualified to work in sophisticated factories. This, in turn, willkill innovation, enhance product quality, andd maintain costs, whichwill enhance competitiveness of Indianmade medical devices both domestically and internationally.

For more information about this development and on what it means for the medical device sector, please click here