07 Jan2014
FDI in Indian pharma up by 86.5 percent
The Indian Department of Industrial Policy and Promotion has released data that shows that foreign direct investment in drugs and pharmaceutical jumped 86.5 percent during April-October period
Overall FDI into the country has declined by 15% during the seven month period of the fiscal to $12.6 billion
Singapore: Foreign Direct Investment in drugs and pharmaceuticals industry in India was at $580 million during April-October 2012, the Department of Industrial Policy and Promotion (DIPP) said in recently released data.
FDI in the pharmaceutical sector jumped by 86.5 percent to $1.08 billion during April-October period of the current fiscal amid concerns over continuous mergers and acquisitions of domestic drug makers by multinationals.
Overall FDI into the country has declined by 15% during the seven month period of the fiscal to $12.6 billion.
