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.
India APIs Incentive Scheme: Will It Galvanize Local Firms, Bridle The Dragon?
Aims To Improve Self-Sufficiency
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.
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