Don’t miss the latest developments in business and finance.

Govt looking into suggestions to strengthen bulk drugs sector

Image
Press Trust of India New Delhi
Last Updated : Dec 15 2015 | 4:02 PM IST
The government is examining the recommendations of an inter-ministerial committee to strengthen the bulk drugs industry, Parliament was informed today.
The government had set up a committee headed by Secretary, Department of Health Research, to look into the issues of bulk drugs/active pharmaceutical ingredients (API).
"The recommendations of the committee are being examined in consultation with the stakeholders. Once they are implemented, it would provide a road map for strengthening the bulk drug/API industry", Minister of Chemicals and Fertilisers Ananth Kumar said in a reply to Lok Sabha.
The committee was mandated to study the whole issue of APIs of critical importance by identifying important APIs and then work out a package of interventions and concessions to build the domestic production capabilities and examine the cost implications, Kumar added.

More From This Section

First Published: Dec 15 2015 | 4:02 PM IST

Next Story