New Delhi, March 21 (IANS) Union Minister Dr Jitendra Singh on Saturday said that India is steadily evolving into a robust pharma economy, which could help as a significant contributor to the country’s overall GDP.During his address at a ‘Healthcare Summit’ here, the minister stated the nation’s pharmaceutical, medtech and manufacturing ecosystem is positioning the country as a key global manufacturing hub — particularly in high-quality, affordable healthcare solutions.The minister said that …
Latest Pharmaceuticals News & Updates
New Delhi, March 20 (IANS) India’s production-linked incentive (PLI) schemes for pharmaceuticals have driven cumulative investments of Rs 41,943 crore in both brownfield and greenfield projects, the Parliament was informed on Friday.The investments substantially exceed the targeted committed investment of Rs 17,275 crore over the six-year period of the scheme, Minister of State for Chemicals and Fertilisers, Anupriya Patel, said in a written reply in the Lok Sabha.The incentive scheme generate…
Bhubaneswar, March 18 (IANS) In a significant development, the Odisha government on Tuesday approved 23 industrial projects with a total investment of Rs 4,510.65 crore. These projects were approved at the 145th meeting of the State Level Single Window Clearance Authority (SLSWCA) held here under the chairmanship of Chief Secretary Anu Garg.According to an official statement, the approved projects are expected to generate 10,122 employment opportunities, significantly contributing to inclu…
New Delhi, March 11 (IANS) India is approaching towards ‘top pick’ in Asia‑Pacific private markets, providing global investors scale and resilience as activity in the Asia-Pacific slows, according to a report.According to an analysis by McKinsey & Company highlighted that about 31 per cent of the more than 50 limited partners surveyed ranked India first and 76 per cent placed it in their top three picks.This indicates a shift in regional capital flows as investors reassess Asia and loo…
New Delhi, March 10 (IANS) Assocham on Tuesday cautioned that a prolonged regional conflict in West Asia, amid escalating tensions involving the United States, Israel and Iran, could disrupt global trade and affect India’s energy supplies and exports.The apex industry chamber said India’s economy is closely linked to West Asian supply chains while also relying heavily on the Gulf region as a key export destination.The Middle East remains a major supplier of crude oil, liquefied natural gas (…
New Delhi, March 10 (IANS) India Inc delivered robust performance in Q3 FY26, with net sales rising 11.4 per cent following 10 per cent growth in the prior quarter, a report said on Tuesday.Though net sales grew at a healthy pace, the growth in operating profit moderated to 12 per cent in Q3 FY26 from 15.7 per cent in the previous quarter, weighed by rising expenditure of the companies.The overall expenditure rose by 11.2 per cent in Q3, up from 8.7 per cent in the previous quarter, the report f…
New Delhi, March 9 (IANS) Commerce and Industry Minister Piyush Goyal said on Monday that India’s Free Trade Agreements (FTAs) are opening new opportunities for the pharmaceutical, healthcare, and medical technology sectors, while enabling the country to strengthen its position in global trade.Addressing the post-Budget Webinar 2026 on ‘Sabka Saath Sabka Vikas: Fulfilling Aspirations of People’, Goyal said that under the leadership of Prime Minister Narendra Modi, India has signed a total of n…
New Delhi, March 2 (IANS) India and the United States can unlock new opportunities in biotechnology and advanced manufacturing by building a structured partnership between India and the US state of Delaware, Union Minister Dr Jitendra Singh said on Monday.The meeting took place at Seva Teerth and focused on expanding cooperation in pharmaceuticals, biotechnology, clean energy and innovation-driven industrial growth.“Science, technology and biotechnology remain key pillars of the India–US com…
New Delhi, Feb 23 (IANS) Union Commerce and Industry Minister Piyush Goyal on Monday said that quality must become the core focus of India’s manufacturing and export ecosystem if the country wants to achieve its long-term economic goals.Addressing the first National Quality Conclave virtually, organised by the Department for Promotion of Industry and Internal Trade (DPIIT) in partnership with the Quality Council of India (QCI), Goyal stressed that Prime Minister Narendra Modi’s vision of “…
New Delhi, Feb 23 (IANS) Corporate India is expected to roll out an average salary increase of 9.1 per cent in 2026, with Global Capability Centres (GCCs) leading the growth in pay, a new report said on Monday.GCCs are expected to offer the highest increments at 10.4 per cent, driven by strong global demand for digital and technology capabilities, according to the latest Future of Pay report by EY India.The financial services sector is likely to see salary hikes of around 10 per cent, followed b…