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Tweak API Scheme For ‘Self-Reliant’ India, Says Industry

Dr Reddy’s Considers Investment

 
• By Vibha Ravi

Companies including Dr Reddy’s will consider investing in new API units if the Indian government tweaks its incentive scheme to permit exports of surplus production. Other suggested changes to the $1.3bn stimulus, aimed at enhancing the country's medicines security, include extending incentives to brownfield expansions and removing restrictions on a change in product mix.

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Tweaks In India's $1.3bn Stimulus Scheme Will Make It More Viable • Source: Shutterstock

After supply chain vulnerabilities were exposed during the ongoing COVID-19 pandemic, Indian Prime Minister Narendra Modi’s call for an “Atmanirbhar Bharat” or self-reliant India has been finding more resonance. 

Though the idea of “Make In India” has been a recurring theme in his government’s policy-making and public statements, an INR99.4bn ($1.3bn) stimulus proposed in March to drive the manufacture...

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