English
Specials
    Go Ad-Free
    My Alerts
    Moneycontrol
    Moneycontrol PRO
    HomeNewsBusinessWire NewsGovt to boost local bulk drugs, medical devices industries

    Govt to boost local bulk drugs, medical devices industries

    "The objective is to make India self-reliant in production of 53 critical (active pharmaceutical ingredients) APIs or Key Starting Materials (KSMs), and in production of medical devices, for which India is crucially dependent upon imports," Sadananda Gowda, the federal minister for chemicals and fertilisers, tweeted on Monday.

    Reuters
    July 27, 2020 / 13:28 IST

    India's chemicals minister on Monday launched schemes to boost manufacturing in the bulk drugs and medical device industries to reduce India's dependence on exports in these sectors.

    "The objective is to make India self-reliant in production of 53 critical (active pharmaceutical ingredients) APIs or Key Starting Materials (KSMs), and in production of medical devices, for which India is crucially dependent upon imports," Sadananda Gowda, the federal minister for chemicals and fertilisers, tweeted on Monday.

    Reuters
    first published: Jul 27, 2020 01:20 pm

    Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

    Subscribe to Tech Newsletters

    • On Saturdays

      Find the best of Al News in one place, specially curated for you every weekend.

    • Daily-Weekdays

      Stay on top of the latest tech trends and biggest startup news.

    Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347