Policy | July 27, 2022
Pharmaceuticals industry under Atmanirbhar Bharat programme
India exported about Rs 33,321 crore and imported Rs 35,249 crore worth APIs and Bulk drugs in 2021-22.
India exported about Rs 33,321 crore and imported Rs 35,249 crore worth APIs and Bulk drugs in 2021-22.
The approval has been accorded by IFCI Limited for manufacturing of the product "7 ACA"
Pharma exports in 2021-22 sustain a positive growth despite global trade disruptions
A total of 49 projects have been approved so far for 33 critical APIs with a committed investment of Rs 3,685 crore
Approvals accorded under Production Linked Incentive (PLI) Scheme for promotion of domestic manufacturing of critical Key Starting Materials (KSMs)/ drug intermediates and Active Pharmaceutical Ingredients (APIs
The appraisal of the applications has been carried out based on the ranking methodology laid down in the operational guidelines of the Scheme
A long waiting period for critical equipment and a 50% hike in the cost of APIs imported from China are among the immediate challenges
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As of June 30, 2021, 267 out of a total of 427 SEZs approved by the government are operational
India’s dependency on China for pharma intermediates can change if there is a proper coordination between educational institutes, research institutes and pharma manufacturers
The govt has rolled out three schemes for promoting the manufacture of API
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