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Interim Budget: Pharma industry seeks incentives for R&D, conducive policies

Interim Budget: Pharma industry seeks incentives for R&D, conducive policies
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interim budget 2024: Budget 2024: Pharma industry seeks incentives for R&D, conducive policies

In the upcoming union budget 2024, the Indian pharmaceutical industry is seeking fiscal incentives to promote research and development (R&D) as it is expected to reach a market size of USD 400-450 billion by 2047. The Indian Pharmaceutical Alliance Secretary General, Sudarshan Jain, emphasized the need for continuous investments in research due to high risk and low success rates. The interim Budget 2024-25 should provide benefits in terms of direct and indirect taxes and facilitate business ease for pharma companies. ....

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Budget 2024: Pharma industry seeks conducive policies

Budget 2024: The pharma industry also expresses a need for incentives to promote research and development (R&D) ....

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Budget: Pharma industry seeks incentives for R&D, conducive policies

The pharma industry has sought fiscal incentives to promote research and development (R&D) in the sector, as it is likely to reach USD 400-450 billion market size by 2047.

In a statement, Indian Pharmaceutical Alliance Secretary General Sudarshan Jain said there is a high risk, long gestation ....

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