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Centre extends PLI scheme to pharma sector, investment worth Rs15 crore expected
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Bulk drugs or active pharmaceutical ingredients (APIs) are the active raw materials used in medicines to give them their therapeutic effect. Photo: Bloomberg
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NEW DELHI: The Union Cabinet, chaired by Prime Minister Narendra Modi, on Wednesday, approved the Production Linked Incentive (PLI) Scheme for the domestic pharmaceutical sector for financial years 2020-21 to 2028-29.
About Rs15,000 crore worth of incentives will be provided under the scheme.
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The scheme, the government said, will benefit domestic manufacturers, help generate 20,000 direct and 80,000 indirect jobs, and will likely make available a wider range of affordable medicines to consumers.
Essar Power to set up 90 MW solar plant in Madhya Pradesh for ₹300 crore
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The renewable energy venture comes close on the heels of EGFL investing in hydrogen power in the UK and coal gas in India.
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. Updated: 24 Feb 2021, 03:56 PM IST PTI
The entry into the renewable segment is part of a strategic decision to rebalance the power portfolio
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NEW DELHI :
Ruia-family run Essar Power Ltd will foray into renewable energy, setting up a 90 MW solar plant in Madhya Pradesh at an investment of ₹300 crore, CEO Kush Singh said Wednesday.
The entry into the renewable segment is part of a strategic decision to rebalance the power portfolio.
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