New Delhi: The Product Linked Incentive (PLI) scheme for medical devices has given a boost to local manufacturing of high-end medical technology devices, including MRI machines, CT Scanner and heart valves, the Department of Pharmaceuticals, Ministry of Chemicals and Fertilizers said.
According to the ministry, production of 57 medical devices commenced under the scheme that were earlier predominantly imported. These include MRI machines, CT scanners, Cath Labs, Linear Accelerators, C-Arms, mammography machines, ultrasound systems, anaesthesia machines and heart valves.
The initiative has also attracted leading global manufacturers such as GE Healthcare, Siemens, Philips, Varex, Nipro and Omron and encouraged technology transfer and advanced manufacturing capabilities in India, the ministry added.
The PLI scheme with a total financial outlay of Rs 3,420 crore was launched in 2020 and provides a 5 per cent incentive on incremental sales of eligible medical devices manufactured in India for a period of five years.
It covers four broad segments, cancer care/radiotherapy medical devices; radiology and imaging devices; anaesthesia, cardio-respiratory and renal care devices; and implants, including implantable electronic devices, the ministry said.
