Pharma sector can touch Rs 4 trillion...
Home  »  Community News  »  Pharma sector can to...
Jan
14
ragupathyrenganathan
Pharma sector can touch Rs 4 trillion by 2020: Ananth Kumar
Pharma News
0

Indian pharmaceutical sector can double in the next your years and touch Rs 4 lakh crore on the back of key policy initiatives of the government, Union Minister Ananth Kumar said on Wednesday.
“The overall growth rate of GDP is above 7 per cent while pharma sector in the country is growing fast at 14 per cent, and we are targetting this sector to touch Rs 4 lakh crore mark by 2020. That’s why we have taken various policy initiatives and will keep doing that,” Fertiliser Minister Ananth Kumar said.
He was speaking while releasing a report on recommendations of the task force on ‘Development of Manufacturing Capabilities in each Medical Vertical in Pharmaceutical Production’. Kumar added that government is aiming to increase the pharma sector growth rate by at least another one or two per cent so that it can touch Rs 4 lakh crore mark from its current size of Rs 2 lakh crore.


Leave a reply

You must be logged in to post a comment.