India’s Bulk Drugs Incentive Scheme Finds First Takers

FDI Potential Of Bulk Drugs Parks Hazy

As India revealed finer details of two schemes to promote bulk drug production, Mankind Pharma and Aarti Drugs spelled out a preference for chemical synthesis products – they are likely to be joined by more companies reluctant to invest in some that are fermentation-based. Whether a “plug and play” format for bulk drug parks will attract foreign investment remains to be seen..

Indian flag

The Indian government unveiled on 27 July detailed guidelines for twin schemes aimed at driving investments in bulk drug production in the country, against a backdrop of rising drug nationalism and a need to reduce raw materials dependency on China after COVID-19 disruption. The INR69.4bn ($928m) scheme, providing incentives for 41 key starting materials (KSMs), drug intermediates (DIs) and active pharmaceutical ingredients (APIs), and a separate program on setting up of three bulk drug plants entailing a INR30bn investment, were first proposed in March.

P D Vaghela, secretary, Department of Pharmaceuticals (DoP), said India planed to attract foreign direct investment (FDI) through these schemes....

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