Pharma industry grows 29% to Rs 2.04 lakh crore in 2015-16

NEW DELHI: Indian pharmaceutical industry grew by 29 per cent to Rs 2,04,627 crore in 2015-16 from Rs 1,77,734 crore in 2014-15, while it attracted FDI of $ 2.25 billion during April 2014 to March 2016.

The country "is one of the largest producers of pharmaceutical products and a leading player in the global generics market, exporting nearly 50 per cent of its production", according to the achievement report of the sector under the government's 'Make in India' initiative.

"The Indian pharmaceutical industry has witnessed a robust growth in recent years growing from Rs 1,77,734 crore in FY 2014-15 to Rs 2,04,627 crore in FY 2015-16, registering a growth of 29 per cent as compared to the growth of 12 per cent from Rs 1,58,671 crore during FY 2013-14," the report said.

In terms of FDI Inflows, it said: "The sector saw FDI equity inflows of $ 2.25 billion from April 2014 to March 2016."

Among the top FDI inflows were UK's Abbot Asia Ho .

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1/19/2017 11:34:12 AM