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FICCI recommends incentives, PLI-type scheme for vaccine makers

Industry body FICCI has suggested that the government should provide incentives to vaccine manufacturers to increase the production of Covid-19 vaccines

FICCI

Sentinel Digital DeskBy : Sentinel Digital Desk

  |  14 April 2021 5:18 AM GMT

NEW DELHI: Industry body FICCI has suggested that the government should provide incentives to vaccine manufacturers to increase the production of Covid-19 vaccines in the country. In a statement, it recommended financing vaccine makers under a production linked incentive (PLI) type scheme to support the vaccine manufacturers. Noting that there is an urgent and critical need to encourage vaccine manufacturers to substantially augment their capacities for production, it said: "Since the cost of vaccines has been capped by the government, the vaccine manufacturers need to be provided with appropriate incentives for ramping up the production." (IANS)

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