So far, under PLI1, which is specifically for imported APIs, the approvals have been granted for 36 out of 41 key starting materials (KSMs)/APIs, with a minimum committed investment of over Rs 5,300 crores. Identification of investors for other KSMs/APIs is underway, and soon we hope that this will also be finalised
Dr Viranchi Shah Senior Vice President, Indian Drugs Manufacturers Association (IDMA)
The criteria for selection of companies for availing the benefit under the PLI scheme does not extend to companies in the CRAMS space where the entire business model is to develop and manufacture APIs
Harshil Dalal Global CFO, Dishman Carbogen Amcis
PLI scheme is only for the greenfield projects. Existing (brownfield) facilities with idle capacity will not be eligible for incentives under the scheme. Thus, the benefits will not be seen immediately. Only when the greenfield plants become operational, then the benefits will start kicking in, which will take at least a couple of years
Anil Khanna Partner, Wisdomsmith Advisors
For the last two decades, the Indian pharmaceutical industry has been growing almost 1.5 times the Indian GDP. The current government has an aggressive plan of amplifying the industry size from $41 billion to almost $120-150 billion in 2030. Globally, India has benchmarked its position in formulation development and manufacturing. However, India's dependence on China (primarily) and a few other countries for importing active pharma ingredients (APIs) to manufacture drugs is a problem that looms large in the Indian pharma sector's path to progress.
This story is from the August 2021 edition of Express Pharma.
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This story is from the August 2021 edition of Express Pharma.
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