Bharat Biotech Chief says PLI schemes should also focus on entities supporting production of branded pharma products
"Lots of consumer durables, raw materials and packing materials were in short supply because we are not making them here in the country. It is very important that we focus on schemes for all these segments as well," Prasad said.;
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New Delhi: Production-linked incentive schemes should also focus on companies providing packaging materials and other services in addition to manufacturers of branded pharmaceutical items to reduce import dependence, according to Bharat Biotech Executive Director Sai Prasad. He also emphasised on shifting the focus towards innovative pharmaceuticals products in order to enhance the margins for industry players.
"We already have policies like production-linked incentive (PLI) schemes and research-based schemes and these policies are going to be very helpful for the sector... It is our view that such policies should also focus on companies which provide goods and services to the pharma industry," Prasad told the media agency in an interaction.
The incentives also need to be given to single-use consumer companies, raw material packaging firms and other service providers in the pharmaceutical supply chain, he added.
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