India says to boost local bulk drugs, medical devices industries

Credit: REUTERS/YVES HERMAN

India's chemicals minister on Monday launched schemes to boost manufacturing in the bulk drugs and medical device industries to reduce India's dependence on exports in these sectors.

BENGALURU, July 27 (Reuters) - India's chemicals minister on Monday launched schemes to boost manufacturing in the bulk drugs and medical device industries to reduce India's dependence on exports in these sectors.

"The objective is to make India self-reliant in production of 53 critical (active pharmaceutical ingredients) APIs or Key Starting Materials (KSMs), and in production of medical devices, for which India is crucially dependent upon imports," Sadananda Gowda, the federal minister for chemicals and fertilisers, tweeted on Monday.

(Reporting by Zeba Siddiqui and Anuron Kumar Mitra; Editing by)

((AnuronKumar.Mitra@thomsonreuters.com; +91 99863 58469;))

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