Centre plans to roll out research-linked incentive scheme for pharma sector

In the Union Budget 2023-24, Finance Minister Nirmala Sitharaman had hinted at fostering a research-driven climate in the pharma sector in India

To create a research-driven pharmaceutical (pharma) and lifesciences ecosystem, and move up the value chain in the global pharma scene, the Centre is working actively on rolling out a research-linked incentive (RLI) scheme for the sector.

This is purported to be on the lines of the production-linked incentive (PLI) scheme.

Multiple industry and government sources in the know said that the minutiae of the scheme were being fleshed out; the contours of RLI were being designed.

“After this, it will go to the Cabinet for approval,” informed an industry source.The head of a leading pharma company in India, who has been actively involved