First set of five bulk drug, pharma input projects under PLI scheme cleared
January 22, 2021
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The government has approved the first set of five pharma projects, worth a total committed investment of ₹3,761 crore, under the Production Linked Incentive (PLI) scheme for promoting domestic manufacture of bulk drugs and active pharmaceutical ingredients (APIs).
An official statement said on Friday the projects relate to four fermentation-based key starting materials and APIs such as penicillin G, 7-ACA (7-aminocephalosporanic acid), erythromycin thiocyanate and clavulanic acid, which are all entirely imported now.
An expert committee set up by the Department of Pharmaceuticals in the Ministry of Chemicals and Fertilisers identified 53 APIs for which the country is mainly import dependent. These bulk drugs accounted for 63 per cent of the total pharmaceutical imports. Subsequently, an Empowered Committee headed by Amitabh Kant, CEO NITI Aayog, was set up last year to design the PL
Govt clears first set of five bulk drugs, pharma input projects under PLI scheme
January 22, 2021
The bulk drugs (API) segment contributed marginally over 60 per cent to the company’s total turnover in Q1 FY 2019-20. - THE HINDU
The bulk drugs (API) segment contributed marginally over 60 per cent to the company’s total turnover in Q1 FY 2019-20. - THE HINDU×
With ₹3,761 crore investments, these plants will make the country self-reliant concerning bulk drugs
The government has approved the first set of five pharma projects, worth a total committed investment of ₹3,761 crore under the Production Linked Incentive (PLI) scheme for promoting domestic manufacture of bulk drugs and active pharmaceutical ingredients (APIs).
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2020 was a year full of challenges for livelihoods and the overall economy of the country, sparked by the COVID-19 pandemic. According to the
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The Union Ministry of Finance is all set to roll out additional measures to revive the slowing economy, post the Rs 20 lakh crore COVID-19 relief package announced in May 2020.
Govt can look to provide tax deduction for employees working from home: Pwc India
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Last Updated: Jan 21, 2021, 06:57 PM IST
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Addressing a pre-budget session, Pwc India senior tax partner Rahul Garg said demand creation is particularly focussed on money being given or left in the hands of the individuals.
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Following the outbreak of COVID pandemic early last year, many companies adopted a work from home policy for their employees.
New Delhi: The government could look at providing deductions for expenses incurred by salaried employees while working from home in the upcoming Budget as it looks to boost demand, consulting firm PwC India said on Thursday. Addressing a pre-budget session, Pwc India senior tax partner Rahul Garg said demand creation is particularly focussed on money being given or left in the hands of the individuals.