Page 313 - economic_survey_2021-2022
P. 313
Industry and Infrastructure 287
Figure 21: Trade of Pharmaceutical industry
Source: Survey calculations based on data from D/o Commerce. Data includes trade in Aayush and herbal products;
bulk drugs, drug intermediates; drug formulations, biological; surgicals.
Figure 22: FDI Inflows in Pharma sector
12,000
10,000
8,000
in Rs cr 6,000
4,000
2,000
0
2016-17 2017-18 2018-19 2019-20 2020-21 2021-22#
Source: Survey calculations based on data from D/o Pharma and DPIIT. # April-September
8.35 The initiatives taken by the government to address the requirement of the pharmaceutical
and medical devices industry are as follows:
¾ The Scheme for Promotion of Bulk Drug Parks that envisages creation of world class
infrastructure facilities in order to make Indian bulk drug industry a global leader was
approved by the Government of India on 20th March, 2020. Easy access to world class
common infrastructure facilities to bulk drug units located in these parks have the potential
of increasing the competitiveness of the domestic bulk drug industry.
