Pharmaceutical industry in India Current Affairs, GK & News

PM to inaugurate First Global Innovation Summit of Pharmaceuticals sector

November 18, 2021

Prime Minister Narendra Modi is set to inaugurate the “First Global Innovation Summit of Pharmaceuticals sector” on November 18, 2021. Key Points The global innovation summit will be launched at 4 PM in virtual mode. It is a two-day Summit comprising of 12 Sessions. In the summit, around 40 national and international speakers will deliberate ..

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PLI Scheme: Critical Bulk Drugs approved

April 14, 2021

The Ministry of Chemical and Fertilizers recently approved sixteen applicants under Production Linked Incentive scheme. The approvals will promote domestic manufacturing of drug intermediates and Active Pharmaceutical Ingredients in the country. What is the plan? The approved applicants will set up pharmaceutical manufacturing plants in the country. They will invest around Rs 348 crores in ..

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Government Enters into Agreement with World Bank on Biotech

April 29, 2018

The Government of India (GoI) has entered into a legal agreement with the World Bank for a flexible financing arrangement to accelerate research towards early development for biopharmaceuticals. A Statement issued by the government said the mission has been approved at a cost of 250 million dollars for five years with 50 per cent funding ..

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Bengaluru hosts India’s biggest international conference on pharmaceutical industry “India Pharma & India Medical Device 2018”

February 16, 2018

The third-edition of international conference and exhibition on pharmaceuticals industry and medical devices- India Pharma 2018 and India Medical Device 2018 – has started in Bengaluru, Karnataka on February 15, 2018. It was inaugurated by Ananth Kumar, Union Minister of Chemicals & Fertilizers and Parliamentary Affairs, with the theme – ‘Affordable & Quality Healthcare’. The ..

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India eyeballing entrée to Russian pharmaceuticals market

July 4, 2012

India has urged Russia to open its flourishing $19-billion pharmaceuticals market and accelerate the list of 500 drugs that it presently imports from India. India has urged Russia to let Indian pharmaceutical companies form joint partnerships with Russian companies. India has demanded the Russian side to constitute a nodal agency to craft a joint committee ..

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Current Affairs Business and Economy Current Affairs : November 7-12, 2009

November 26, 2009

November 9, 2009: Mittal, ONGC will wind up 4 year Joint VentureONGC and Mittal had in July 2005 joined hands to form two joint ventures. These JVs were ONGC Mittal Energy Ltd (OMEL) for exploration blocks and ONGC Mittal Energy Services Ltd (OMESL) for trading and shipping of hydrocarbons. The JOV has failed now. In ..

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