Govt revamps pharma scheme; broadens eligibility criteria, brings in flexible financing options

The Indian government has revamped the Pharmaceuticals Technology Upgradation Assistance Scheme (PTUAS) to support drug companies in upgrading their facilities to produce medicines conforming to global standards. The scheme now extends beyond MSMEs to pharmaceutical manufacturing units with a turnover of less than Rs 500 crore that require technology and quality upgradation. The scheme also introduces more flexible financing options, emphasizing subsidies on reimbursement basis.
Source: The Economic Times Healthcare and Biotech News - Category: Pharmaceuticals Source Type: news