The Indian government has invited Japanese pharmaceutical and medical
devices manufacturing companies to set up ventures in Gujarat,
Telangana, Andhra Pradesh, Himachal Pradesh, and Goa, and has offered a
bouquet of incentives to woo them to India.The offerings included schemes to promote the manufacturing of bulk drugs and medical devices such as Production Linked Incentive schemes and Promotion of Bulk Drug/Medical Devices Parks. It is estimated that Japanese companies would make the investment to the tune of Rs. 2,200 Crore in this sector.
A webinar on ‘Medical Devices and API sector: Challenges & Emerging Opportunities’ was recently held for promoting business and trade collaboration between India and Japan in the post-COVID-19 scenario. Read more...
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