New Delhi, July 24 — The Centre has released Rs 266.64 crore as incentives under the Production Linked Incentive (PLI) Scheme for Medical Devices up to FY 2024-25, while Rs 209.80 crore has been disbursed under the Medical Device Parks Scheme, Union Minister for Chemicals and Fertilisers JP Nadda informed the Lok Sabha on Friday.
In a written reply, Nadda said that of the Rs 209.80 crore released for medical device parks, Rs 177.98 crore has already been utilised.
Under the Scheme for Strengthening of Medical Device Industry (SMDI), projects worth Rs 101.50 crore have been approved under the Marginal Investment Scheme for Reducing Import Dependence (MIS-RID), while projects worth Rs 88.67 crore have been approved under the Common Facilities for Medical Devices Clusters (CFMDC) component.
Of this, Rs 20.62 crore has been released so far, the Union Minister stated.
The minister said the government has implemented multiple schemes to promote indigenous manufacturing of medical devices, including high-end and high-precision equipment, with an emphasis on reducing import dependence and strengthening domestic manufacturing capabilities.
He said the PLI Scheme for Medical Devices has a total outlay of Rs 3,420 crore and provides incentives on eligible incremental sales across four target segments -- cancer care and radiotherapy, radiology and imaging, anaesthetics, cardio-respiratory and renal care devices, and implants.
According to the minister, 27 applications have been approved under the scheme, including 14 from MSMEs.
The approved projects have reported actual investments of Rs 1,153.07 crore and have started domestic production of products such as MRI and CT scanners, linear accelerators (LINACs), mammography systems, C-arms, ultrasound equipment, heart valves and stents.
Nadda said the Medical Device Parks Scheme, with an outlay of Rs 300 crore, supports the creation of common infrastructure such as testing facilities, sterilisation units, warehousing, incubation centres and prototyping facilities, with central assistance of up to Rs 100 crore per park.
Three parks are currently under implementation in Noida (Uttar Pradesh), Ujjain (Madhya Pradesh) and Kanchipuram (Tamil Nadu).