Tag: active pharmaceutical ingredients

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India’s Pharmaceutical Sector

Source: PIBSubject: Industry sector Context: Union Minister of Commerce & Industry formally invited global pharmaceutical companies to invest in India's expanding healthcare landscape, noting that the country's pharma industry can double its current $60 billion value over the next five years. India's Pharmaceutical Sector About India's Pharmaceutical Sector: What it is? India's pharmaceutical sector, globally …

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India has started manufacturing 38 APIs

Facts for Prelims (FFP)   Source: ET  Context: India’s Union Health Minister, has stated that the country has initiated the domestic production of 38 active pharmaceutical ingredients (APIs) in the past 1.5 years This achievement has been facilitated through the production-linked incentive (PLI) scheme for the pharmaceutical sector. India’s dependence on a single country for …

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