Drugs & Pharmaceuticals Sector Witnessing Unparalleled Growth

The Union Minister of State for Shipping (I/C) and Chemicals & Fertilizers, Mansukh Mandaviya has said that the Drugs & Pharmaceuticals sector is witnessing an era of unparalleled growth and innovation. Keeping in line to attract larger FDI in Pharmaceutical sector, Shri Mandaviya said the government reviews FDI Policy on an ongoing basis with a view to liberalise and simplify the FDI Policy progressively, so as to improve the country's investment climate by providing ease of doing business. Also, various measures are taken under Make in India initiatives facilitating investment, fostering innovation and thereby promoting robust business environment in the country, he added. In 2015-16, the FDI equity inflows to Drugs and Pharmaceutical Sector was Rs. 4,975 crores. It has increased to Rs.5,723 crores in 2016-17 and further to Rs. 6,502 crores in 2017-18.

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