The Investments of API companies in Pharma City are Rs.20,000 crores in Hyderabad
Rs.20,000 Crores Investments in Pharma City, Hyderabad..Announced @ Pharmalytica 2023 Conference The domestic pharmaceutical industry supplies medicines to more than 150 countries of the world. Indian companies supply 40 percent of generic drugs sold in America. Representatives of pharmaceutical companies stated at the pharma equipment exhibition 'Pharmalytica' that India ranks third in the production of medicines in terms of quantity. However, he said that for the future growth of the domestic pharma industry, there is a need to focus on the development of new drugs. RK Aggarwal, National President of Bulk Drug Manufacturers Association of India (BDMAI) said that local active pharmaceutical ingredient (API) companies are likely to invest Rs 15,000-20,000 crore if the Pharma City be...