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Government mulling new PLI scheme for pharma sector: Sources

The move is aimed at reducing Indian companies’ dependence on China for key chemicals needed to manufacture active pharmaceutical ingredients. ....

Union Budget , Care Ratings , Pharma Pli , China Imports , Pharma Api ,

Why Pharma Has Emerged As Magnet For Global Investors?


Why pharma has emerged as magnet for global investors?
The aftermath of the COVID-19 pandemic and the US-China trade tensions have created a huge opportunity for India.
Vishal Yadav
Representative Image
Fueled by myriad opportunities created by COVID-19, the pharma sector is well poised to become the new favourite pick for foreign direct investment (FDI) in India. A constant need for medicines and medical devices has always kept the drug industry on its toes. In recent times, the industry has been luring investors and raging towards becoming the most preferred investment destination for FDI.
The constant flow of FDIs has played a significant role in developing the Indian pharma sector and the government s efforts to shore up investments by allowing 100 percent FDI in greenfield or new projects and a fast-track mechanism to clear applications has made it more desirable for global investors. ....

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