Team Blitz India
NEW DELHI: Chemicals and Fertilisers Minister Mansukh Mandaviya has asked pharma-medical devices industry to focus on manufacturing quality products at an affordable rates to compete globally, and announced plans to bring Product Linked Incentive (PLI) scheme for basic chemicals.
Addressing an international conference on pharma and medical devices sector on May 26, the minister asserted that the Modi government is “pro-poor, pro-farmers but also industry-friendly” and said all policies are being framed after extensive consultations with the industry and other stakeholders.
Mandaviya highlighted that India is the “pharmacy of the world” and the industry needs to focus on research and innovations, besides being aware of development across the world, to maintain its leadership position.
He said the industry should be ready to face global competition. To win global competition, Mandaviya said there is a need to “bring affordability, and do quality manufacturing.”
