India can touch new heights at the world level in the pharma and medical device category. But there is a strong need for research and development with which this category has a style of doubling the share of gross domestic product (GDP). To achieve this objective, the Government has undertaken several reforms in this area. At the same global level, the ' speciality chemicals ' category has started to move from European Union countries and the North American region to Asia.

He is preparing to take advantage of india, for which every necessary step is also being taken. Particularly, labour reforms have been taken care of. The focus of the government is on the pharma industry, which wants to reach 120 billion dollars in the next few years. The chemicals and Fertilizers Minister DV Sadananda Gowda has said that in a country to make investors a best country, the government has made industry-friendly rules with a corruption-free environment, substantial reforms in labour laws.

At the same moment, the pharma sector is 65 billion dollars, which is to make 120 billion dollars by the year 2024. While the medical device category is growing at a growth of 28% annually, it can surpass the 50 billion dollar limit in the next five years. The Government has devised a strategy to set up bulk drug and medical device parks to achieve these objectives. It is expected that the country will have an investment of Rs 78,000 crore, creating 2.5 lakh job opportunities. At the same time, there may be many changes.

Also Read:

Influencer Bobby Sidana wins accolades for spreading Punjab’s rich culture across the globe

If gold kept 'locker' gets stole then bank will not give a single penny, know new rules

RBI warning! fake emails being sent to bank account holders

Railway ticket prices to hike for some routes