Govt to provide industrial park facilities to grow API, pharma & nutraceutical industry

By: |
Updated: Nov 22, 2020 9:48 PM

The government is proactively looking to provide industrial park facilities to grow active pharmaceutical ingredient (API), pharmaceutical and nutraceutical industry

In the coming days, COVID-19 vaccines shall also get manufactured in India, he added.

The government is proactively looking to provide industrial park facilities to grow active pharmaceutical ingredient (API), pharmaceutical and nutraceutical industry, Chemicals and Fertilizers Minister D V Sadananda Gowda has said. Indian pharma industry will continue to play a prominent role as the pharmacy of the world, the Chemicals and Fertilizers Ministry said in a statement.

In his message to an international pharmacist webinar on National Pharmacy Week, he said that the government is sensitive to grievances of pharmacists and is committed to improving the lot of pharmacists.

“We are also encouraging innovation in pharmaceuticals and medical devices. Research and development funds and other facilitator programs are focus of the Modi government and this is helping improve pharmaceutical offerings,” Gowda said.

In the coming days, COVID-19 vaccines shall also get manufactured in India, he added.

Get live Stock Prices from BSE, NSE, US Market and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.

Next Stories
1Restricted vehicle movement affecting CV loan collections
2Cargill India keen to invest in corn-to-ethanol facilities in India
3Unacademy raises fresh funds at $2-bn valuation