Vocal for Local: Incentive Schemes for Pharmaceutical API Industry

Abstract

Maintaining the public health infrastructure requires easy availability of medicines at affordable cost, especially in times of epidemics. This makes the pharmaceutical industry an important strategic asset. Over the last two decades India has made large strides in this sector and it is now globally recognized for pharmaceutical manufacturing. In this article we shall discuss two promotional programmes announced by the government to further boost the domestic pharmaceutical industry and reduce import dependence for certain critical components in the pharma value-chain.