Budget 2026: Pharma, med-tech companies seek PLI extension to cover APIs

Budget 2026: Pharma, med-tech companies seek PLI extension to cover APIs

NEW DELHI: Pharmaceutical experts and the medical technology sector are seeking extension of the production-linked incentive (PLI) scheme to cover active pharmaceutical ingredients (APIs). They also expect the government to provide structured support for healthcare innovation and to rationalise duties on advanced cancer radiation equipment, making them more accessible in areas beyond major cities. The…

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Budget for ‘pharmacy of the world’: What Sitharaman & Co can do to make medicines more affordable in India

Budget for ‘pharmacy of the world’: What Sitharaman & Co can do to make medicines more affordable in India

The Indian pharmaceutical market stood at $55 billion in 2025 and is expected to grow to $120-130 billion by 2030. The life sciences sector in India, has shown remarkable resilience and growth over the past years and the sector anticipates further growth and reform. For continuing the pace, minimise the cost of producing medicines without…

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