A meeting to turbo-charge the Active Pharmaceuticals Ingredients or API Industry was organized in NITI Aayog under the chairmanship of CEO Amitabh Kant. The Department of Pharmaceuticals (DOP) made a detailed presentation on the history and status of the API industry and the challenges faced by it and the various options available to make India a powerhouse in Key Starting Materials, Intermediates and Active Pharmaceuticals Ingredients (API).
DoP shared its vision and recent efforts in promoting bulk drug parks in the country. Issues related to environmental clearances were discussed in detail and industry was promised fast approvals. Principal Secretary (Industry), Government of Telangana, explained various incentives offered by the Government of Telangana and invited the industry to set up manufacturing units in Hyderabad Pharma City.
Leaders of the pharma industry shared their perspective on the situation and suggested various measures to be taken by the government. Amitabh Kant exhorted the industry to become internationally competitive and go for a global scale of operations. He assured that Government of India will take all necessary steps to support the industry in its endeavours.
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