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India APIs Incentive Scheme: Will It Galvanize Local Firms, Bridle The Dragon?

Aims To Improve Self-Sufficiency

 
• By Anju Ghangurde

India shapes new production-linked incentives scheme for critical APIs to ensure self-reliance and cut massive dependence on imports from China, but much will depend on actual implementation, including timely clearances. Pharma will also need to 'walk the talk' alongside.

India
India Fortifies Efforts Towards API Self-Sufficiency • Source: Shutterstock

India has now outlined the details of a large-scale incentive scheme for manufacturers of certain critical active pharmaceutical ingredients (APIs) and drug intermediates in the country as it seeks to galvanize the domestic industry and shrink dependence on China.

The ministry of chemicals and fertilizers has provided the specifics of a production-linked incentive scheme to bolster domestic manufacturing of critical APIs, key starting materials (KSMs) and drug intermediates. The scheme, with a total outlay of INR69.40bn ($918m), provides incentives for six years for fermentation-based products and five years for chemically synthesized drugs; it encompasses 41 products and covers the 53 critical APIs which had earlier been identified as crucial to India’s national medicines security

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