Govt to set up 3 bulk drug parks to make APIs for medicine
"It is high time we produce also the chemicals and other raw materials used in making live-saving drugs rather than depend on China," said Gowda in a statement here.;
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Bengaluru: The Central government would set up 3 bulk drug parks to make chemicals compounds or active pharmaceutical ingredients (APIs) for medicines and reduce their imports from China, said Union Minister for Chemicals and Fertilisers D.V. Sadananda Gowda on Friday.
"The bulk drugs parks will be set up at a cost of Rs 14,300 crore in partnership with states to make chemicals for live-saving drugs and reduce their imports from China," said Gowda in a statement on the occasion of New Year here.
Though India is the biggest exporter of medicines to the world, China is the main supplier of chemicals (APIs) used in making drugs.
"It is high time we produce also the chemicals and other raw materials used in making live-saving drugs rather than depend on China," said Gowda in a statement here.
The ministry plans to also set up 4 additional parks to make a range of medical devices as an import-substitute under the Union government's Atmanirbhar Bharat flagship programme in the pharma sector.
Read also: Govt says PLI schemes for bulk drugs, medical devices get encouraging response
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