Growing dependence on bulk drugs affecting India: Minister
The Dollar Business Bureau The Union Minister of Chemicals & Fertilizers Ananth Kumar on Wednesday called for the incentivisation of the Bulk Drugs sector so as to take on the challenges from cheap imports. Referring to the sector as a backbone of the Indian Pharmaceutical Industry, the Minister said, “Over-dependence on imports from one country for bulk drugs is detrimental to the country’s interest and hence, paradigm shift is necessary.” Speaking at the launch ceremony of “2015 – Year of Active Pharmaceutical Ingredients”, the Minister said that the decisions to be taken by the Ministry will make India self-sufficient in the Bulk Drugs sector. In this regard, he informed that the government has set up the Katoch ...
