Schemes for Pharmaceuticals Manufacturing
The Indian pharmaceutical industry is the 3rd largest in the world by volume and valued at $41 bn. The country contributes 3.5% of total drugs and medicines exported globally to over 200+ countries.
To ensure greater resilience to external shocks, enforce greater drug security and boost the capacity for domestic production for critical bulk drugs and high-value products alike, the Department of Pharmaceuticals has launched 3 supporting schemes to incentivize the global and domestic players to enhance investment and production in these product categories.
The Schemes are envisioned to ensure greater resilience of the Indian pharmaceutical industry to external shocks and contribute significantly to achieving a higher objective of affordable healthcare in the country and globally on a sustained basis.