India, June 29 -- The Government of India has issued a release:
The Department of Pharmaceuticals, Ministry of Chemicals and Fertilizers, has invited applications from eligible entities under the Scheme for Strengthening of Medical Device Industry (SMDI) to promote domestic manufacturing, reduce import dependence, support innovation and increase the depth of value chains in the medical devices sector.
Applications are invited under the following two sub-schemes:
Selected applicants would be incentivised through one-time capital subsidy of up to Rs.10 crore on reimbursement basis for manufacturing key components/ raw material/ finished devices/ accessories to reduce import dependence under Marginal Investment Scheme.
The departme...