Pharma Sector – Drug Pricing, NPPA, FDC, Generics, etc.

Pharma and biotech sector must get its due in Budget

  1. Some of the immediate needs of the sector are access to capital, quality infrastructure, high-end talent
  2. The proposed removal of tax breaks could blunt the India pharma and biotech industry’s ‘innovation’ edge
  3. The tax exemptions given to SEZs and R&D have delivered on their stated objectives and must be further augmented to drive investment, growth and employment
  4. Today, the Indian pharma industry is recognised as the ‘Pharmacy to the World
  5. It is one of the lowest-cost producers of essential medicines globally, catering to nearly 30% of the demand for generics drugs worldwide

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