‘INVESTING IN PLANT AND MACHINERY UNDER PLI SCHEME’

“Venus Remedies has been picked for the Production-Linked Incentive (PLI) Scheme of the Central government under the Aatmanirbhar Bharat initiative. Under this scheme, we would make an investment in plant and machinery, and expand our product portfolio, apart from adding new innovative and complex generics over the coming years. The company will get incentives on incremental sales of pharmaceutical products based on yearly threshold criteria of prescribed percentage of growth in sales on a year-on-year basis. The benefits accruing from this incentive will enhance the manufacturing capabilities of Venus Remedies through increase in both investment and production.” - SARANSH CHAUDHARY, President, Global Critical Care, Venus Remedies, Panchkula