In a decisive push towards technological self-reliance, the Government of India has approved a ₹7,280 crore scheme to establish a domestic manufacturing ecosystem for Sintered Rare Earth Permanent Magnets (REPM). The initiative aims to create an integrated production capacity of 6,000 metric tonnes per annum, significantly reducing India’s dependence on…
Tag: #DomesticManufacturing
News
PLI Scheme Boosts Domestic Medical Device Manufacturing
The Production Linked Incentive (PLI) Scheme for Promoting Domestic Manufacturing of Medical Devices is steadily transforming India’s MedTech landscape, with approved projects translating into investments, employment generation and rising export potential. The government has informed Parliament that the scheme is on track and will continue until March 2027, with no…