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Union govt wants industry friendly environment with 100 percent FDI in pharma

FDI in pharma sector jumped by 86.5 per cent to US$1.08 billion during April-October, 2013 with several mergers and acquisitions of domestic drug makers by multinationals. 

These included Strides Arcolab, Torrent and Elder pharma.

In December 2013, GlaxoSmithKline Pte Ltd, the Singapore based subsidiary of GlaxoSmithKline Plc., decided to increase its stake in GlaxoSmithKline Pharma (GSK), India by 24.33 percent.

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1/28/2014 12:28:00 PM