The Indian pharmaceutical industry, a global leader in high-quality, low-cost drug production, commands over 20% of global generics supply and addresses 60% of worldwide vaccine demand. Crucial to India’s economic growth and employment, the industry benefits from government initiatives like the Production Linked Incentive (PLI) scheme, which supports production, boosts...
Cannabis has a huge export potential as various industries such as food and beverage, personal care and cosmetics and pharmaceuticals are taking advantage of its multiple properties. To promote CBD exports, the government should provide the right direction, policy & regulatory framework for the medicinal cannabis industry to flourish. Plant-based...
The pandemic has evolved both as a challenge and an opportunity for India’s trade in medical products. The rising global demand for Indian COVID-19 vaccines may further give a boost to the sector. Nonetheless, it is also desirable for India to diversify its export destinations and export baskets so that...
Sanjay Singh, Partner – Deal Advisory, Head of Lifesciences, KPMG in India, identifies new generics opportunities, established manufacturing ecosystem, growing penetration of health insurance and talent pool as some of the key growth drivers for the Indian pharmaceutical industry over the next decade. IBT: The government is planning to come...
Due to trade malpractices, the stakeholders who are affected negatively are government, as its revenues truncate; domestic manufacturers hurt by unhealthy competition; and consumers who end up paying out of their pockets. Currently 97% of Indian medical device manufacturers are under MSME which are the real victims of this unethical...
Olga Kulikova, Business Ambassador to India and member of General Council of All-Russia Public Organisation “Business Russia”, opines that Indian programs like Make in India should create investment attractiveness for Russian business tycoons. However, she admits there is a lack of awareness regarding these initiatives of the Indian government in...
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