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India all set to make Penicillin G after three decades on PLI push - Vimarsana News

India all set to make Penicillin G after three decades on PLI push

India stopped producing the two input drugs about three decades ago and since then it has relied on China for their supplies. "As of now, we are largely dependent on China. With the initiative of the production-linked-incentive scheme, companies like Aurobindo are coming up with fermentation-based products like PenG," said Ravi Uday Bhaskar, director general, Pharmaceutical Export Promotion Council (Pharmexcil). "We will be in a better position in the coming few months."

Lower API costs should start benefiting now, to lend comfort on FY23-25 margin expansion - Vimarsana News

Lower API costs should start benefiting now, to lend comfort on FY23-25 margin expansion

Analysts at IIFL Securities have analyzed import pricing for 16 key APIs/KSMs imported into India. This study shows that API import costs (weighted average) have declined marginally by 2% QoQ in Q1CY23, after having corrected 8% QoQ and 6% QoQ in Q4CY22 and Q3CY22 respectively from the peaks seen in Q2CY22.

Govt says 55 manufacturers to benefit under PLI scheme for pharma sector - Vimarsana News

Govt says 55 manufacturers to benefit under PLI scheme for pharma sector

The PLI scheme in pharma aims to enhance India's manufacturing capabilities by increasing investment and production, and boosting exports in 10 sectors.