{"id":20218,"date":"2025-05-16T21:46:40","date_gmt":"2025-05-16T16:16:40","guid":{"rendered":"https:\/\/niir.org\/blog\/?p=20218"},"modified":"2025-05-16T21:46:40","modified_gmt":"2025-05-16T16:16:40","slug":"production-linked-incentive-pli-powering-indias-medtech-revolution","status":"publish","type":"post","link":"https:\/\/www.niir.org\/blog\/production-linked-incentive-pli-powering-indias-medtech-revolution\/","title":{"rendered":"Production-Linked Incentive (PLI): Powering India\u2019s MedTech Revolution"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">The medical devices manufacturing industry in India is in the process of a radical transformation, hoping to find its way into global supremacy in MedTech innovation. Two critical government initiatives form the basis of this shift: the Production-Linked Incentive (PLI) scheme and the Make in India campaign. These initiatives are not only meant for self-reliance, but rather, put India one step ahead in the international community as an exporter competing in the global healthcare ecosystem.<\/span><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_88 counter-hierarchy ez-toc-counter ez-toc-white ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.niir.org\/blog\/production-linked-incentive-pli-powering-indias-medtech-revolution\/#Indias_MedTech_Ambition_From_Importer_to_Innovator\" >India\u2019s MedTech Ambition: From Importer to Innovator<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.niir.org\/blog\/production-linked-incentive-pli-powering-indias-medtech-revolution\/#Make_in_India_A_Catalyst_for_Domestic_Manufacturing\" >Make in India: A Catalyst for Domestic Manufacturing<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.niir.org\/blog\/production-linked-incentive-pli-powering-indias-medtech-revolution\/#Production-Linked_Incentive_PLI_Fuelling_Local_Innovation\" >Production-Linked Incentive (PLI): Fuelling Local Innovation<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.niir.org\/blog\/production-linked-incentive-pli-powering-indias-medtech-revolution\/#Technological_Advancements_Driving_Global_Competitiveness\" >Technological Advancements Driving Global Competitiveness<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.niir.org\/blog\/production-linked-incentive-pli-powering-indias-medtech-revolution\/#Key_Drivers_of_Growth\" >Key Drivers of Growth<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.niir.org\/blog\/production-linked-incentive-pli-powering-indias-medtech-revolution\/#1_Supportive_Policies\" >1. Supportive Policies<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/www.niir.org\/blog\/production-linked-incentive-pli-powering-indias-medtech-revolution\/#2_Growing_Healthcare_Demand\" >2. Growing Healthcare Demand<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/www.niir.org\/blog\/production-linked-incentive-pli-powering-indias-medtech-revolution\/#3_Investment_in_R_D_and_Infrastructure\" >3. Investment in R&amp;D and Infrastructure<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/www.niir.org\/blog\/production-linked-incentive-pli-powering-indias-medtech-revolution\/#Success_Stories_Indian_Companies_Making_a_Mark\" >Success Stories: Indian Companies Making a Mark<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/www.niir.org\/blog\/production-linked-incentive-pli-powering-indias-medtech-revolution\/#Challenges_in_the_MedTech_Sector\" >Challenges in the MedTech Sector<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/www.niir.org\/blog\/production-linked-incentive-pli-powering-indias-medtech-revolution\/#Future_Outlook_India_as_a_Global_MedTech_Hub\" >Future Outlook: India as a Global MedTech Hub<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/www.niir.org\/blog\/production-linked-incentive-pli-powering-indias-medtech-revolution\/#Strategic_Recommendations\" >Strategic Recommendations<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/www.niir.org\/blog\/production-linked-incentive-pli-powering-indias-medtech-revolution\/#Conclusion\" >Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/www.niir.org\/blog\/production-linked-incentive-pli-powering-indias-medtech-revolution\/#Some_More_Links\" >Some More Links\u00a0<\/a><\/li><\/ul><\/nav><\/div>\n<h3><span class=\"ez-toc-section\" id=\"Indias_MedTech_Ambition_From_Importer_to_Innovator\"><\/span><b>India\u2019s MedTech Ambition: From Importer to Innovator<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">India&#8217;s medical device industry, heavily dependent on imports traditionally but presently valued at about $11-16 billion, is projected to advance exponentially to reach $50 billion by the year 2030. This extraordinary leap is powered by upsetting government incentives, a conducive industrial ecosystem, and an array of technological innovation. As the share of the Indian market is destined to move from an existing 1.5% to an ambitious 10-12% by 2047, it is evident that the segment is simply in its sun-grazing mode.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Central to this transformation is the Production-Linked Incentive (PLI), which is aimed at promoting domestic manufacturing. In the same vein, Make in India is building a resilient supply chain by developing self-sustaining capabilities, attracting foreign direct investment (FDI), and motivating startups to innovate.\u00a0<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Make_in_India_A_Catalyst_for_Domestic_Manufacturing\"><\/span><b>Make in India: A Catalyst for Domestic Manufacturing<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Make in India is an initiative started in 2014 to transform India into a global manufacturing hub across sectors, including medical devices. By creating MedTech clusters and facilitating regulatory policies, Make in India will directly tackle historical high import dependency, which has reached up to 80% for advanced equipment.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Under this initiative, thirteen greenfield plants have been inaugurated to manufacture high-end devices such as linear accelerators used for cancer care and coronary stents, among others. The programs initiated under the Make in India comprise a growing number of successful initiatives already. In 2023, India, for the first time, was even able to reduce its medical device imports, signaling a paradigm shift toward domestic strength.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Production-Linked_Incentive_PLI_Fuelling_Local_Innovation\"><\/span><b>Production-Linked Incentive (PLI): Fuelling Local Innovation<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">The Production-Linked Incentive (PLI) scheme, introduced in 2021, provides 5-10% of financial incentive on incremental sales of domestically manufactured medical devices. The specific incentive is targeted at critical segments, including imaging equipment, implants, and surgical instruments.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Supported by the Production-Linked Incentive (PLI), multinational giants such as Philips, Wipro GE, and Trivitron have expanded in India. Consequently, the scheme has created over 15,000 jobs and increased exports by $2.34 billion in 2024 \u2014 a 5.74% increase Year on Year.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Because of the huge impetus given by Production Linked Incentive (PLI) and Make in India, India has now emerged as the second-largest manufacturer of PPE kits in the world.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Technological_Advancements_Driving_Global_Competitiveness\"><\/span><b>Technological Advancements Driving Global Competitiveness<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">India&#8217;s MedTech industry uses state-of-the-art technologies for services in global markets.\u00a0<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Artificial Intelligence (AI): <\/b><span style=\"font-weight: 400;\">Tools fueled by AI help enhance early detection of diseases. Qure.ai, among many other start-ups, provides satisfactory accuracy-95% in some instances-for analysis of radiology scans.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Robotics: <\/b><span style=\"font-weight: 400;\">New companies from the home turf, like SS Innovations, are developing surgical robots for 50% of globally available prices.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>3D Printing: <\/b><span style=\"font-weight: 400;\">It is also India&#8217;s first and Asia&#8217;s first 3D bioprinting facility for artificial organs, located in Andhra Pradesh MedTech Zone (AMTZ).\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>IoMT Devices:<\/b><span style=\"font-weight: 400;\"> Indian companies manufacture wearables and IoMT-enabled devices such as smart glucose monitors and smart blood pressure cuffs, which facilitate remote patient care.\u00a0<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">The Make in India ecosystem makes significant contributions towards enabling the matching infrastructure for such innovations in plug-and-play manufacturing, as well as towards collaborative efforts for global technology transfer.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Key_Drivers_of_Growth\"><\/span><b>Key Drivers of Growth<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<h4><span class=\"ez-toc-section\" id=\"1_Supportive_Policies\"><\/span><b>1. Supportive Policies<\/b><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Production Linkage Incentive (PLI): <\/b><span style=\"font-weight: 400;\">Manufacturers receive direct benefits and rewards for increasing their volume of production and exports.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Make in India: <\/b><span style=\"font-weight: 400;\">Manufacturing clusters through much streamlined regulatory norms and rebate incentives to lower imports.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>National Medical Devices Policy 2023:<\/b><span style=\"font-weight: 400;\"> R&amp;D will be established, along with infrastructure development and frame building.\u00a0<\/span><\/li>\n<\/ul>\n<h4><span class=\"ez-toc-section\" id=\"2_Growing_Healthcare_Demand\"><\/span><b>2. Growing Healthcare Demand<\/b><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">2.1 million medical tourists annually visit India. There are increasing chronic diseases, penetration of insurance schemes, and growing health awareness that contribute to the demand.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The Production-Linked Incentive scheme is helping to boost the manufacture of goods to meet the demands of customers at home and abroad.\u00a0<\/span><\/li>\n<\/ul>\n<h4><span class=\"ez-toc-section\" id=\"3_Investment_in_R_D_and_Infrastructure\"><\/span><b>3. Investment in R&amp;D and Infrastructure<\/b><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">With Make in India, construction of AMTZ and many medical parks is possible. This makes costs in manufacturing and time-to-market dramatically lower.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Most companies take advantage of R&amp;D grants and tax exemptions under Make in India as well as the Production linked incentive (PLI).\u00a0<\/span><\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Success_Stories_Indian_Companies_Making_a_Mark\"><\/span><b>Success Stories: Indian Companies Making a Mark<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Under Make in India and Production-Linked Incentive (PLI), many Indian companies have prospered:-\u00a0<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Akshay Medical Devices:<\/b><span style=\"font-weight: 400;\"> A Pune-based startup that makes affordable MRI machines-40% lower cost than imports.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>BPL Medical Technologies: <\/b><span style=\"font-weight: 400;\">Produce cost-effective ventilators and monitors and reduce overall costs of healthcare equipment by 30%.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>SS Innovations: <\/b><span style=\"font-weight: 400;\">Developed India&#8217;s first indigenous surgical robot, and is a proof of the strength of the PLI initiative.\u00a0<\/span><\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Challenges_in_the_MedTech_Sector\"><\/span><b>Challenges in the MedTech Sector<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">The medical devices sector in India is making progress but faces some very serious challenges. These are &#8211;\u00a0<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>High Import Dependency:<\/b><span style=\"font-weight: 400;\"> All high-end devices such as MRIs and pacemakers continue to be imports.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Regulatory Delays:<\/b><span style=\"font-weight: 400;\"> Entry to the market is gradually slowed down by cumbersome approval procedures.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Funding Woes: <\/b><span style=\"font-weight: 400;\">Often SMEs do not have access to venture capital or government grants.\u00a0<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">The government is trying to remove these challenges through a Single Window Portal. It has also supported one component of the Make in India and the other PLI schemes to give relief over these barriers..<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Future_Outlook_India_as_a_Global_MedTech_Hub\"><\/span><b>Future Outlook: India as a Global MedTech Hub<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">India on its part is planning to:-<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Develop a $50 billion medical device market.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Contribute to 5% to the global market share.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Annually export devices worth $10 billion to countries like Africa, Latin America, and Southeast Asia.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">This is a consistent trend of growth with a focus on Make in India as well as through the continued operation of the PLI strategies.\u00a0<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Strategic_Recommendations\"><\/span><b>Strategic Recommendations<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">If a country wants to speed up MedTech aspirations:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Extend the Production-Linked Incentive (PLI) scheme to newer technologies such as nanotechnology and biodegradable implants.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Promote synergy in research and development between academia and industry.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Introduce skill development courses on advanced manufacturing and regulatory compliance.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Continue to develop smart medical manufacturing parks across different states with the support of Make in India.\u00a0<\/span><\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><b>Conclusion<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">This heralds the new era for India&#8217;s medical devices manufacturing sector. With strong backing from the Production Linked Incentive (PLI) scheme, and the Make in India initiative. This country is on its way to creating a world-class MedTech ecosystem that will combine affordability and innovation.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">India is set to do more than meet its internal demand-the country will emerge as a trusted global supplier of high-quality medical devices-by addressing structural challenges and investing in technology, talent, and infrastructure. India&#8217;s MedTech future looks bright-with consistent policy support and strategic execution. Both as a manufacturing hub and a global healthcare partner.<\/span><\/p>\n<p>&nbsp;<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Some_More_Links\"><\/span><b>Some More Links\u00a0<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><b>Join With Us\u00a0<\/b><\/p>\n<p><a href=\"https:\/\/npcsblog.com\/\"><span style=\"font-weight: 400;\">https:\/\/npcsblog.com\/<\/span><\/a><\/p>\n<p><a href=\"http:\/\/www.niir.org\"><span style=\"font-weight: 400;\">www.niir.org<\/span><\/a><\/p>\n<p><b>Related Blogs\u00a0<\/b><\/p>\n<p><a href=\"https:\/\/niir.org\/blog\/starting-a-silicon-crystals-business\/\"><span style=\"font-weight: 400;\">https:\/\/niir.org\/blog\/starting-a-silicon-crystals-business\/<\/span><\/a><\/p>\n<p><a href=\"https:\/\/niir.org\/blog\/the-most-profitable-chemical-industry-business-in-the-philippines\/#\"><span style=\"font-weight: 400;\">https:\/\/niir.org\/blog\/the-most-profitable-chemical-industry-business-in-the-philippines\/#<\/span><\/a><\/p>\n<p><b>Join us on YouTube<\/b><\/p>\n<p><a href=\"https:\/\/www.youtube.com\/c\/NIIRproject\/playlists\"><span style=\"font-weight: 400;\">https:\/\/www.youtube.com\/c\/NIIRproject\/playlists<\/span><\/a><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"The medical devices manufacturing industry in India is in the process of a radical transformation, hoping to find&hellip;","protected":false},"author":1,"featured_media":20219,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"csco_display_header_overlay":false,"csco_singular_sidebar":"","csco_page_header_type":"","footnotes":""},"categories":[15869],"tags":[],"industry":[],"class_list":["post-20218","post","type-post","status-publish","format-standard","has-post-thumbnail","category-trends","cs-entry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Production-Linked Incentive (PLI): Powering India\u2019s MedTech Revolution - Niir Project Consultancy Services<\/title>\n<meta name=\"description\" content=\"India&#039;s MedTech revolution driven by PLI and Make in India, transforming it into a global medical devices hub.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.niir.org\/blog\/production-linked-incentive-pli-powering-indias-medtech-revolution\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Production-Linked Incentive (PLI): Powering India\u2019s MedTech Revolution - Niir Project Consultancy Services\" \/>\n<meta property=\"og:description\" content=\"India&#039;s MedTech revolution driven by PLI and Make in India, transforming it into a global medical devices hub.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.niir.org\/blog\/production-linked-incentive-pli-powering-indias-medtech-revolution\/\" \/>\n<meta property=\"og:site_name\" content=\"Niir Project Consultancy Services\" \/>\n<meta property=\"article:published_time\" content=\"2025-05-16T16:16:40+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.niir.org\/blog\/wp-content\/uploads\/2025\/05\/780.webp\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1080\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/webp\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"6 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Production-Linked Incentive (PLI): Powering India\u2019s MedTech Revolution - Niir Project Consultancy Services","description":"India's MedTech revolution driven by PLI and Make in India, transforming it into a global medical devices hub.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.niir.org\/blog\/production-linked-incentive-pli-powering-indias-medtech-revolution\/","og_locale":"en_US","og_type":"article","og_title":"Production-Linked Incentive (PLI): Powering India\u2019s MedTech Revolution - Niir Project Consultancy Services","og_description":"India's MedTech revolution driven by PLI and Make in India, transforming it into a global medical devices hub.","og_url":"https:\/\/www.niir.org\/blog\/production-linked-incentive-pli-powering-indias-medtech-revolution\/","og_site_name":"Niir Project Consultancy Services","article_published_time":"2025-05-16T16:16:40+00:00","og_image":[{"width":1920,"height":1080,"url":"https:\/\/www.niir.org\/blog\/wp-content\/uploads\/2025\/05\/780.webp","type":"image\/webp"}],"author":"admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"admin","Est. reading time":"6 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.niir.org\/blog\/production-linked-incentive-pli-powering-indias-medtech-revolution\/#article","isPartOf":{"@id":"https:\/\/www.niir.org\/blog\/production-linked-incentive-pli-powering-indias-medtech-revolution\/"},"author":{"name":"admin","@id":"\/#\/schema\/person\/20ea08dbed02d42b74458286d1048dd3"},"headline":"Production-Linked Incentive (PLI): Powering India\u2019s MedTech Revolution","datePublished":"2025-05-16T16:16:40+00:00","mainEntityOfPage":{"@id":"https:\/\/www.niir.org\/blog\/production-linked-incentive-pli-powering-indias-medtech-revolution\/"},"wordCount":1183,"commentCount":1,"image":{"@id":"https:\/\/www.niir.org\/blog\/production-linked-incentive-pli-powering-indias-medtech-revolution\/#primaryimage"},"thumbnailUrl":"https:\/\/www.niir.org\/blog\/wp-content\/uploads\/2025\/05\/780.webp","articleSection":["Trends"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.niir.org\/blog\/production-linked-incentive-pli-powering-indias-medtech-revolution\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.niir.org\/blog\/production-linked-incentive-pli-powering-indias-medtech-revolution\/","url":"https:\/\/www.niir.org\/blog\/production-linked-incentive-pli-powering-indias-medtech-revolution\/","name":"Production-Linked Incentive (PLI): Powering India\u2019s MedTech Revolution - Niir Project Consultancy Services","isPartOf":{"@id":"\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.niir.org\/blog\/production-linked-incentive-pli-powering-indias-medtech-revolution\/#primaryimage"},"image":{"@id":"https:\/\/www.niir.org\/blog\/production-linked-incentive-pli-powering-indias-medtech-revolution\/#primaryimage"},"thumbnailUrl":"https:\/\/www.niir.org\/blog\/wp-content\/uploads\/2025\/05\/780.webp","datePublished":"2025-05-16T16:16:40+00:00","author":{"@id":"\/#\/schema\/person\/20ea08dbed02d42b74458286d1048dd3"},"description":"India's MedTech revolution driven by PLI and Make in India, transforming it into a global medical devices hub.","inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.niir.org\/blog\/production-linked-incentive-pli-powering-indias-medtech-revolution\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.niir.org\/blog\/production-linked-incentive-pli-powering-indias-medtech-revolution\/#primaryimage","url":"https:\/\/www.niir.org\/blog\/wp-content\/uploads\/2025\/05\/780.webp","contentUrl":"https:\/\/www.niir.org\/blog\/wp-content\/uploads\/2025\/05\/780.webp","width":1920,"height":1080,"caption":"Production-Linked Incentive (PLI)"},{"@type":"WebSite","@id":"\/#website","url":"\/","name":"Niir Project Consultancy Services","description":"Project Reports, Business Plan","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"\/#\/schema\/person\/20ea08dbed02d42b74458286d1048dd3","name":"admin","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.niir.org\/blog\/wp-content\/litespeed\/avatar\/74235d7840b3f2679664f521c27cb3c0.jpg?ver=1791033020","url":"https:\/\/www.niir.org\/blog\/wp-content\/litespeed\/avatar\/74235d7840b3f2679664f521c27cb3c0.jpg?ver=1791033020","contentUrl":"https:\/\/www.niir.org\/blog\/wp-content\/litespeed\/avatar\/74235d7840b3f2679664f521c27cb3c0.jpg?ver=1791033020","caption":"admin"},"sameAs":["https:\/\/niir.org\/blog\/"],"url":"https:\/\/www.niir.org\/blog\/author\/admin\/"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.niir.org\/blog\/wp-json\/wp\/v2\/posts\/20218","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.niir.org\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.niir.org\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.niir.org\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.niir.org\/blog\/wp-json\/wp\/v2\/comments?post=20218"}],"version-history":[{"count":1,"href":"https:\/\/www.niir.org\/blog\/wp-json\/wp\/v2\/posts\/20218\/revisions"}],"predecessor-version":[{"id":20220,"href":"https:\/\/www.niir.org\/blog\/wp-json\/wp\/v2\/posts\/20218\/revisions\/20220"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.niir.org\/blog\/wp-json\/wp\/v2\/media\/20219"}],"wp:attachment":[{"href":"https:\/\/www.niir.org\/blog\/wp-json\/wp\/v2\/media?parent=20218"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.niir.org\/blog\/wp-json\/wp\/v2\/categories?post=20218"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.niir.org\/blog\/wp-json\/wp\/v2\/tags?post=20218"},{"taxonomy":"industry","embeddable":true,"href":"https:\/\/www.niir.org\/blog\/wp-json\/wp\/v2\/industry?post=20218"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}