India to setup 16 Active Pharmaceutical Ingredients manufacturing plants

The Indian government on April 13 approved Rs 350 crore to set up 16 manufacturing plants for Active Pharmaceutical Ingredients (API) in the country under the production-linked incentive scheme.

According to the Chemicals and Fertilisers Ministry, the government will invest the funds in the setting of these plants which will make the country self-reliant with respect to these bulk drugs. The commercial production of these plants is projected to commence on 1st April 2023.