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Govt incentives for domestic API to cut supply risk for Indian drug makers: Fitch
![Govt incentives for domestic API to cut supply risk for Indian drug makers: Fitch Govt incentives for domestic API to cut supply risk for Indian drug makers: Fitch](https://medicaldialogues.in/h-upload/2020/04/20/750x450_127526-126139-medicine.webp)
The production-linked incentive scheme -- which accounts for Rs 90 crore of planned outlay -- offers an incentive of up to 20 per cent of sales for fermentation-based products and up to 10 per cent for chemical synthesis-based products for the next eight to nine years.
Mumbai: The Indian government's recent incentives to boost domestic manufacturing of active pharmaceutical ingredients (APIs) and key starting materials (KSMs) can improve backward integration over the next few years and curtail supply-chain disruption risk for Indian drug makers, Fitch Ratings said on Monday.
Ruchika Sharma joined Medical Dialogue as an Correspondent for the Business Section in 2019. She covers all the updates in the Pharmaceutical field, Policy, Insurance, Business Healthcare, Medical News, Health News, Pharma News, Healthcare and Investment. She has completed her B.Com from Delhi University and then pursued postgraduation in M.Com. She can be contacted at editorial@medicaldialogues.in Contact no. 011-43720751