Production linked Incentive scheme for Pharma
With an aim to achieving self reliance in the key area of Pharma APIs, the government of India has announced a scheme to offer production linked incentives for manufacturers setting up greenfield projects in the manufacture of key Key Starting Materials (KSMs)/ Drug Intermediates (DIs) and Active Pharmaceutical Ingredients (APIs) In India.
Quantum of Incentive :
|Period||Fermentation Based product||Chemical Synthesis based product|
|FY2022-23 to FY2027-28||–||10%|
|FY 2023-24 to FY2026-27||20%||–|
The exemption shall be subject to the minimum threshold of investments made in the project which shall be as under :
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