| Date: |
12-03-2012 |
| Subject: |
Budget Expectations: Pharma sector looks for encouraging policies for Budget |
|
The Indian pharma industry is pegged at a whopping Rs 1 lakh crore, the 3rd largest in the world by volume and this sector is weighted the largest and most advanced amongst developing economies in the world. From pharmaceutical manufacturers to novel drug discovery and even the latest cutting edge on stem cell banking and therapy. Today, India is a hot-bed of medical innovation.
Sucheth Rao Davuluri, CEO, Neuland Laboratories, says:
From an investment point of view, we look toward FM to come out with as many policies as possible which will encourage the industry to invest in research and development whether it's for their own reason or commercial R&D as well. We would also look towards the FM to encourage pharmaceutical investments into creating infrastructure for R&D, good infrastructure for manufacturing with good quality systems.
Source : moneycontrol.com
|