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Active on API at last, won’t work till DPCO scrapped

Date: 25-03-2020
Subject: Active on API at last, won’t work till DPCO scrapped
Last month, China’s Covid-19 crisis and the consequent wide lockdown in the country caused India’s Active Pharmaceutical Ingredients (API) import pipeline to thin rapidly—80% of the APIs used for drugs made in India are imported from China—and local retail prices of even a common analgesic like paracetamol surged by as much as 40%. The government, therefore, did well to realise that continued import-dependence keeps the country hostage to supply-side disruptions, with a significant fallout for affordable healthcare, and announce on Saturday a Rs 10,000 crore package to encourage domestic manufacture of key starting materials (KSM), drug intermediates, and APIs.

The Centre has earmarked Rs 3,000 crore for the development of three bulk drug parks over the next five years in partnership with the states where these will be located—a maximum of Rs 1,000 crore will be given as grant-in-aid to the state—with common facilities such as solvent recovery plant, distillation plant, power & steam units, effluent treatment plant, etc, for manufacturers. States looking to attract manufacturers should arrange for low-cost land and crucial utilities, such as water and electricity, at cheap rates. A further Rs 6,940 crore will be allocated over the next eight years to a Production-Linked Incentive (PLI) scheme, under which financial incentive will be given to eligible manufacturers of 53 critical bulk drugs on incremental sales over a FY20 base for a period of six years—fermentation-based bulk drugs will get a 20% incentive while chemical synthesis-based bulk drugs will get a 10% incentive.

Source:- financialexpress.com

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