Can India be globally competitive – API manufacturing hub – Challenges & opportunities December 21, 2020, 11:04 PM IST
Dr Gurpreet Sandhu is President at Council for Healthcare & Pharma (CHP).
For a country hailed as the pharmacy of the world, the recent revelations on vulnerabilities and dependence for critical drug inputs vis-à-vis China has been a rude yet timely reminder. Even as authorities scramble to negotiate the ongoing pandemic, the government has also mounted a vigorous drive to achieve broader economic self-reliance inherently entailing measures to curtail the Chinese API dependence. With respect to APIs, it has already set in motion a series of initiatives including revival/establishing of clusters, offering production-linked schemes and other related measures with a view to bolster India’s API-production capacity and indeed turn India into a globally competitive API manufacturing hub.