Hindustan Antibiotics

In December 2019 the decision was revised to allow sale of land to private entities as well through a competitive bidding process

Govt is trying to reduce dependence on China for APIs and develop indigenous sources

The firm is charting a turnaround plan by beginning the manufacturing of key bulk drugs that the government has identified under a production-linked incentive (PLI) scheme

The PSUs thus are hopeful that the sale process could now be expedited

With unpaid dues and near zero production, country's first public sector drug unit is in a state of neglect