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With reference to the Production Linked Incentive (PLI) Scheme for Promotion of Domestic Manufacturing of critical Key Starting Materials (KSMs)/ Drug Intermediates and Active Pharmaceutical Ingredients (APIs), consider the following statements:
1. It is an initiative of Union Ministry of Finance.
2. It aims to set up greenfield plants with minimum domestic value addition in four different Target Segments with a total outlay of Rs.6,940 cr. for the period 2020-21 to 2029-30.
Which of the statements given above is/are correct?
  • a)
    1 only
  • b)
    2 only
  • c)
    Both 1 and 2
  • d)
    Neither 1 nor 2
Correct answer is option 'B'. Can you explain this answer?
Verified Answer
With reference to the Production Linked Incentive (PLI) Scheme for Pro...
The Department of Pharmaceuticals has accorded approvals under Production Linked Incentive (PLI) Scheme for Promotion of Domestic Manufacturing of critical Key Starting Materials (KSMs)/ Drug Intermediates and Active Pharmaceutical Ingredients (APIs).
  • The Department of Pharmaceuticals has launched this scheme with an objective to attain self-reliance and reduce import dependence in critical Bulk Drugs - Key Starting Materials (KSMs)/ Drug Intermediates and Active Pharmaceutical Ingredients (APIs).
  • This will be achieved by promotion of their domestic manufacturing by setting up greenfield plants with minimum domestic value addition in four different Target Segments with a total outlay of Rs.6,940 cr. for the period 2020-21 to 2029-30.
  • Setting up of these plants will make the country self-reliant to a large extent in respect of these Bulk drugs. The disbursal of production linked incentive by the Government over the six years period would be up to a maximum of about Rs.6,000 cr.
Hence only statement 2 is correct.
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With reference to the Production Linked Incentive (PLI) Scheme for Promotion of Domestic Manufacturing of critical Key Starting Materials (KSMs)/ Drug Intermediates and Active Pharmaceutical Ingredients (APIs), consider the following statements:1. It is an initiative of Union Ministry of Finance.2. It aims to set up greenfield plants with minimum domestic value addition in four different Target Segments with a total outlay of Rs.6,940 cr. for the period 2020-21 to 2029-30.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer?
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With reference to the Production Linked Incentive (PLI) Scheme for Promotion of Domestic Manufacturing of critical Key Starting Materials (KSMs)/ Drug Intermediates and Active Pharmaceutical Ingredients (APIs), consider the following statements:1. It is an initiative of Union Ministry of Finance.2. It aims to set up greenfield plants with minimum domestic value addition in four different Target Segments with a total outlay of Rs.6,940 cr. for the period 2020-21 to 2029-30.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer? for Current Affairs 2024 is part of Current Affairs preparation. The Question and answers have been prepared according to the Current Affairs exam syllabus. Information about With reference to the Production Linked Incentive (PLI) Scheme for Promotion of Domestic Manufacturing of critical Key Starting Materials (KSMs)/ Drug Intermediates and Active Pharmaceutical Ingredients (APIs), consider the following statements:1. It is an initiative of Union Ministry of Finance.2. It aims to set up greenfield plants with minimum domestic value addition in four different Target Segments with a total outlay of Rs.6,940 cr. for the period 2020-21 to 2029-30.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for Current Affairs 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for With reference to the Production Linked Incentive (PLI) Scheme for Promotion of Domestic Manufacturing of critical Key Starting Materials (KSMs)/ Drug Intermediates and Active Pharmaceutical Ingredients (APIs), consider the following statements:1. It is an initiative of Union Ministry of Finance.2. It aims to set up greenfield plants with minimum domestic value addition in four different Target Segments with a total outlay of Rs.6,940 cr. for the period 2020-21 to 2029-30.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer?.
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