Over 79 per cent of the respondents shared a higher level of production in Q2 FY24 and the average capacity utilisation rate was higher at 74 per cent in Q2 as against 73 per cent in previous quarters, the survey said.
FICCI and KMPG in a joint report have recommended the central government to create an overarching regulatory body in collaboration with global bodies for faster approval of drugs and form a task force to reduce India's dependence on pharmaceutical imports.
Compiled by London-based consultants Grant Thornton and launched at the Indian high commission with the Federation of Indian Chambers of Commerce & Industry (FICCI),.