Consider Facts first.
*Investment of Rs. 21,861 Crore received under PLI Schemes
*Drugs and Pharmaceuticals exports constitute 5.71 per cent of the total exports from India.
*India's Drug and Pharmaceutical products exports grow by 125 per cent from Rs. 90,415 Crore in 2013-14 to Rs. 2,04,110 Crore in 2022-23.
*Third worldwide data show India has been exporting to around 200 countries/territories with the top 5 destinations being the USA, Belgium, South Africa and India ranks UK, and Brazil.
*India also accounts for 60 per cent of global vaccine production making it the largest vaccine producer in the world.
*India is also one of the biggest suppliers of low-cost vaccines in the world and is the largest provider of generic medicines globally, occupying a 20% share in global supply by volume.
Further, India has supplied over 298 million COVID-19 vaccines to around 100 countries across the globe under the Vaccine Maitri initiative (till May 19, 2023).
The Government of India has launched three Production Linked Incentive (PLI) Schemes, – Bulk Drugs (2020), Medical Devices (2020) and Pharmaceuticals (2021), to attain self-reliance, boost domestic manufacturing and attract large investments in the sector.