The IPA said on Monday, “The ancillary industry, a major contributor for the pharma sector success in the country has faced serious constraint due to a number of factors imposed during nationwide lockdown needs of some concerted efforts for revival”.
Pharma shares traded higher with higher index sector trading in Friday’s session. Pharma sectoral index traded 0.85 per cent up at 10163.95 points.
Domestic companies investing in producing 53 crucial active pharmaceutical ingredients (APIs) will be getting an incentive of Rs 10 crore each from the government. India is the third-largest pharmaceutical industry country in the country but the domestic drug industry is dependent on imports from China.