Indian Pharma Industry - PLI Scheme To Help India Become Aatmanirbhar In APIs: ICRA
Workers pour in raw material to product medicine capsules at Dr Reddy’s plant in Bachupally, Andra Pradesh, in India. (Photographer Amit Bhargava/Bloomberg)

Indian Pharma Industry - PLI Scheme To Help India Become Aatmanirbhar In APIs: ICRA

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BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

ICRA Research Report

The production linked incentive schemes announced by the Government of India for key raw materials such as bulk drugs and formulations with a total incentive outlay of Rs 210 billion will reduce import dependence and boost domestic production of high-value products and increase the value addition in exports.

High value-add pharmaceutical products are generally research and development intensive and difficult to manufacture products and include products such as complex generics, patented products, biologics among others.

Further, the government of India announced the promotion of bulk drug parks scheme with financial outlay of Rs 30 billion for three select states, which will provide infrastructure assistance to the active pharmaceutical ingredient players.

Click on the attachment to read the full report:

ICRA Thematic-Pharmaceuticals-June 2021.pdf

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