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Cabinet approved scheme to promote medical device parks

Date: 2020-03-25 15:19:27


  • The Union Cabinet approved a scheme to promote medical device parks for financing common infrastructure facilities. The Cabinet also approved a Production Linked Incentive (PLI) scheme to promote domestic manufacturing of medical devices.

    Aim:
    The scheme aims to provide a mechanism to compensate for the manufacturing disability. The target will provide financial assistance for common infrastructure facilities for four medical device parks.