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India's Penicillin G Manufacturing Revival
- 08 Mar 2024
Recently, India has decided to revive Penicillin G production after 3 decades, aiming for self-reliance in pharmaceuticals.
Key Points
- Reason for Halt: Penicillin G production ceased due to influx of cheaper Chinese alternatives. Indian manufacturers faced viability challenges.
- Impact on Industry: Subsidy-driven imports led to decline in Indian Active Pharmaceutical Ingredient (API) manufacturing. PLI scheme launched to boost domestic production.
- Challenges Faced: Restarting production entails high initial costs and competition with established Chinese suppliers.
- Impact of PLI Scheme: PLI scheme results in reduced API imports, fostering self-reliance.
- Scheme Details: PLI scheme offers incentives for fermentation-based bulk drugs and chemically synthesized drugs.
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