India Boosts Domestic Production in Pharmaceuticals and Chemicals Sectors
The Government of India is advancing domestic production in the pharmaceuticals and chemicals sectors through strategic initiatives. The Production Linked Incentive (PLI) Scheme focuses on reducing import dependency by encouraging the production of key starting materials and active pharmaceutical ingredients. Additionally, Bulk Drug Parks and Petrochemical Investment Regions are established to foster growth in these sectors, promoting economic self-sufficiency and supporting local employment.
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