Pharma boss calls for sustained R&D incentives in Indian budget
India’s Union budget is due to be published next month.
Ahead of this, Saransh Chaudhary, president of global critical care at Venus Remedies (NSE: VENUSREM), and chief executive of Venus Medicine Research Centre (VMRC), has recommended crucial measures for the pharmaceutical sector.
He has published a column calling for sustained incentives for R&D, particularly in antibiotic research, while also calling for actions to address escalating API costs, including incentives for domestic manufacturers and a reduction in the goods and services tax.
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