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.
Products covered:
Quantum of Incentive :
| Period | Fermentation Based product | Chemical Synthesis based product |
| FY2022-23 to FY2027-28 | – | 10% |
| FY 2023-24 to FY2026-27 | 20% | – |
| FY2027-28 | 15% | – |
| FY2028-29 | 5% |
The exemption shall be subject to the minimum threshold of investments made in the project which shall be as under :
Comments are closed.
