PLI Scheme and Greenfield Projects Fuel Growth of India's Pharma Sector

In terms of government support, the production linked incentive (PLI) initiative and the creation of greenfield projects have been vital in enhancing India's local pharmaceutical sector. Ruchi Sogarwal, head of corporate affairs at Takeda India...

Indian Pharma Sees Fewer USFDA Adverse Outcomes in 2024

Indian pharmaceutical firms have achieved significant progress in complying with rigorous US Food and Drug Administration (USFDA) standards in 2024, with evidence indicating a reduction in adverse classification results from inspections involving...

India Opens its First Dedicated MedTech Park in Vishakapatnam

The Andhra Pradesh MedTech Zone (AMTZ), established as India's first dedicated medical technology park in Visakhapatnam, has emerged as a vital hub in the global medical technology ecosystem, according to its Managing Director and founder CEO, Jit...

Chhattisgarh Positioning itself as Newest Pharmaceutical Hub of India

Chhattisgarh is positioning itself as a new pharmaceutical centre in central India, with the Naya Raipur Atal Nagar Development Authority allocating 141.84 acres in Sector-22 to foster research, development, and international investment in pharma...

Mankind Pharma to Produce Immunotherapy Medicines with Innovent Biologics

Mankind Pharma Limited and Innovent Biologics have announced partnership to exclusively license and commercialize sintilimab, an advanced PD-1 immunotherapy, in the Indian market. This strategic collaboration aims to address the critical challenge...

India's Medical Device Exports Rise 14% CAGR to $3.8 Billion in FY24

India’s medical devices exports rose at a CAGR of 14% from FY20 to reach reach $3.8 billion in FY24. However, the country continues to remain a net importer of medical devices, bringing in 80-85% of its domestic requirements from abroad...

Driving Innovation and Sustainability in Packaging Successfully Concludes

The 2nd edition of Pack.Nxt 2024 concluded successfully at The Lalit, Mumbai, bringing together industry pioneers, policymakers, and sustainability advocates to explore the theme "Smart | Circular | Sustainable."

Former Prime Minister Manmohan Singh Passes Away at 92

Manmohan Singh, frequently referred to as a "reluctant king" in his initial term as prime minister, died on Thursday, December 26, at the age of 92. A gentle-spoken leader, Singh was India's prime minister from 2004 to 2014, positioning him among...

Pharmaceutical Water Market Rises on High-Quality Demand

The market for pharmaceutical water is propelled by the increasing need for premium-quality pharmaceutical water in various uses, including parenteral solutions, intravenous fluids, and active pharmaceutical ingredients (APIs). Tight regulations...

Pharma Market Poised to Double, Reaching $130 Billion by 2030

The pharmaceutical sector, projected to nearly double to about USD 130 billion by 2030, aims to leverage favorable policies, demographics, and digital expertise to position India as a key player in enhancing global health for everyone...

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