{"id":25713,"date":"2020-10-15T12:01:04","date_gmt":"2020-10-15T11:01:04","guid":{"rendered":"http:\/\/thefreezonechannel.com\/?p=25713"},"modified":"2020-10-15T12:01:04","modified_gmt":"2020-10-15T11:01:04","slug":"indian-pharma-sector-can-grow-to-65bn-by-2024","status":"publish","type":"post","link":"https:\/\/thefreezonechannel.com\/old\/indian-pharma-sector-can-grow-to-65bn-by-2024\/","title":{"rendered":"Indian pharma sector can grow to $65bn by 2024"},"content":{"rendered":"\n<p><strong>By Xinhua<\/strong><\/p>\n\n\n<p>Indian Minister for Chemicals and Fertilizers D. V. Sadananda Gowda on Thursday said the country was one of the largest manufacturers and exporters of generic medicines across the world.<\/p>\n\n\n<p>\u201cIndian pharma sector can grow to 65 billion U.S. dollars industry by 2024,\u2019\u2019 Gowda said.<\/p>\n\n\n<p>\u201cWe recently launched schemes for the development of seven mega parks-three bulk drug parks and four medical device parks across the country.<\/p>\n\n\n<p>\u201cNew manufacturers will be eligible for the Production Linked Incentive (PLI) Scheme under which they will be eligible for financial incentives on basis of their sales for the first five to six years.\u2019\u2019<\/p>\n\n\n<p>During the initial phase, he said, Hydroxychloroquine (HCQ) and Azithromycin&nbsp; were identified as one of the medicines under treatment protocol for COVID-19 in emergency cases.<\/p>\n\n\n<p>The minister said India earned the reputation of reliable suppliers of medicines as it supplied these medicines to more than 120 countries across the world.<\/p>\n\n\n<p>Addressing a video conference FICCI LEADS 2020, the minister highlighted that India is one of the largest manufacturers and exporter of generic medicines across the world.<\/p>\n\n\n<p>Gowda also said the market size of chemicals and petrochemicals sector in India is around 165 billion U.S. dollars, and the size was expected to grow up to 300 billion U.S. dollars by 2025.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Xinhua Indian Minister for Chemicals and Fertilizers D. V. Sadananda Gowda on Thursday said the country was one of the largest manufacturers and exporters of generic medicines across the world. \u201cIndian pharma sector can grow to 65 billion U.S. dollars industry by 2024,\u2019\u2019 Gowda said. \u201cWe recently launched schemes for the development of seven [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":7245,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[126],"tags":[208],"class_list":["post-25713","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-trade-and-industry","tag-india","has-post-title","has-post-date","has-post-category","has-post-tag","has-post-comment","has-post-author",""],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Indian pharma sector can grow to $65bn by 2024 - The Freezone Channel<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/thefreezonechannel.com\/old\/indian-pharma-sector-can-grow-to-65bn-by-2024\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Indian pharma sector can grow to $65bn by 2024 - The Freezone Channel\" \/>\n<meta property=\"og:description\" content=\"By Xinhua Indian Minister for Chemicals and Fertilizers D. V. Sadananda Gowda on Thursday said the country was one of the largest manufacturers and exporters of generic medicines across the world. \u201cIndian pharma sector can grow to 65 billion U.S. dollars industry by 2024,\u2019\u2019 Gowda said. \u201cWe recently launched schemes for the development of seven [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/thefreezonechannel.com\/old\/indian-pharma-sector-can-grow-to-65bn-by-2024\/\" \/>\n<meta property=\"og:site_name\" content=\"The Freezone Channel\" \/>\n<meta property=\"article:published_time\" content=\"2020-10-15T11:01:04+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/thefreezonechannel.com\/old\/wp-content\/uploads\/2019\/02\/village-in-india.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1080\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"The Freezone Channel\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"The Freezone Channel\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/thefreezonechannel.com\/old\/indian-pharma-sector-can-grow-to-65bn-by-2024\/\",\"url\":\"https:\/\/thefreezonechannel.com\/old\/indian-pharma-sector-can-grow-to-65bn-by-2024\/\",\"name\":\"Indian pharma sector can grow to $65bn by 2024 - 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