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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 :

PeriodFermentation Based productChemical Synthesis based product
FY2022-23 to FY2027-2810%
FY 2023-24 to FY2026-27 20%
FY2027-2815%
FY2028-295%

The exemption shall be subject to the minimum threshold of investments made in the project which shall be as under :

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