Pharmaceutical Industry Current Affairs, GK & News

PLI Scheme: Critical Bulk Drugs approved

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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GoI to launch Rs 25,000 crore plan to cut Chinese Imports

The Government of India is to launch a production linked incentive scheme in order to reduce dependence on Chinese import of chemicals. The scheme will have an outlay of Rs 25,000 crores and is to be implemented over the next five years. Highlights The department of chemicals over a series of recent meeting, has identified ..

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Andhra Pradesh signs MoU with CSIR-IICT on Bulk Drug Park

The Andhra Pradesh Industrial Infrastructure Corporation Ltd (APIIC) has entered into a Memorandum of Understanding (MoU) with Council of Scientific and Industrial Research – Indian Institute of Chemical Technology (CSIR-IICT)  as a step forward in the direction of setting up a Bulk Drug Park (BDP) under a scheme by the Ministry of Chemicals and Fertilisers, ..

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‘Active Pharmaceutical Ingredients’ Report Published by TIFAC

Technology Information Forecasting and Assessment Council, an autonomous organization working under the Department of Science and Technology, has released the report on the API development in India. The report titled ‘Active Pharmaceutical Ingredients – Status, Issues, Technology Readiness’ has focused on the need to beef up the indigenous production of the APIs in the country. ..

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Three Bulk Drug Parks and Four Medical Devices Park to be established in India

On July 13, 2020, the Union Ministry of Chemicals and Fertilizers finalised guidelines to select three bulk drug parks and four medical devices parks. Highlights The parks are to be set up at Bhatindia in the state of Punjab. Bhatindia has been selected as it has good connectivity of water and land availability. The state ..

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