Cabinet passes a policy to promote manufacture and growth of bulk drugs

The Union Cabinet on Friday passed a policy to promote the manufacture and growth of bulk drugs, sources said. The government is working on creating an ecosystem that would boost local manufacturing and reduce dependence on China for raw materials. A policy on medical devices, too, is on the anvil.

An announcement on the matter is expected over the weekend, the source added. While the finer details of the policy are yet to be revealed, it is learnt that it would incentivise large-scale manufacturing in the country. 

“The idea is to promote investments in the sector. The Department of Pharmaceuticals (DoP) has