Production Linked Incentive (PLI) Schemes were initiated by the Government of India (GoI) in March 2020 to reduce the country’s reliance on imports, specifically, Chinese imports in a few industries and sectors.    The objective of the PLI Scheme is to increase domestic production. Hence, it kicked off with the drugs sector, where 53 bulk drugs were eligible for a PLI of nearly Rs 7,000 crore. According to recent reports, PLI Scheme announcements may trigger...