|
|
Article: INDIAN PHARMA INDUSTRY AWAITS POLICY PRESCRIPTION FOR GROWTH.
- Article from:
- AsiaPulse News
- Article date:
- December 21, 2000
CopyrightCOPYRIGHT 2000 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
NEW DELHI, Dec 21 Asia Pulse - The year 2000 began on a positive note for the pharmaceutical sector with the Government setting up a Rs 1500 million (US$32 million) research and development fund for knowledge-based industries particularly pharma and biotech. It also raised weighted deductions for such activities from 120 per cent to 150 per cent and announced a ten year tax holiday for R&D companies.
However, the healthy mood of the sector did not last for long as the new drug policy aimed at addressing a variety of issues of the industry got delayed.
Even as the Mashelkar committee and the pharma task force recommendations await implementation, the ...