'India to grow pharma sector to $200 billion by 2030'

The government aims to grow the pharmaceutical industry by about four times to $200 billion by 2030, Arunish Chawla, secretary, department of pharmaceuticals, said on Friday.

- Naman Suri

The sector should be able to achieve the target through the help of industrial academia and production-linked incentives announced for industrial research and development, he said on the sidelines of the Confederation of Indian Industry (CII) summit.

“We are already achieving double-digit growth year on year. We need to sustain the momentum and accelerate further and also adapt to the structural changes that are coming in the industry and the medical technology sector the world over," Chawla said.