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Company News: Companies Analysis, Updates & Insights | The HinduBusinessLine

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to invest remaining ₹63 crore in 2-3 months NCLAT adjourns hearing on Vedanta plea against selection of Adani's bid for JAL GE Aerospace signs contract with Indian Air Force to help establish in-country depot for F404-IN20 engines RateGain launches AI-driven hotel marketing certification programme Q4 Results This Week: HDFC Bank, ICICI Bank, Wipro, Just Dial among 42 companies reporting GE Aerospace scales AI from pilots to production; India anchors global capability Juno Joule Bio Fuels begins construction of compressed bio-gas project in Telangana Mcap of 8 of top-10 most valued firms jumps ₹4.13 lakh cr; HDFC, ICICI Bank top gainers Coal India absorbs cost surge to shield consumers from price spike Shell steps up LNG supplies to India, wins major fertiliser tenders after Gulf disruptions Luxury carmakers hope West Asia ceasefire will lift consumer sentiment Pharma and healthcare companies to face continued margin pressure: HDFC Securities Maruti Suzuki to launch 4 EVs by 2031 India Inc flags surge in cost of packaging raw material, seeks relief measures Orbicular gets USFDA’s tentative nod for generic Semaglutide Injection in partnership with Apotex Reliance seeks government approval to buy Iranian crude oil IPL 2026: Ad volume witness marginal dip in first 13 matches West Asia Crisis: Induction cooking may consume 13-27 GW power Tractor sales cross 10 lakh mark in FY26 on strong rural demand, GST cut India to continue buying Russian crude oil India comfortable on crude and LPG supply on diversified sourcing, says IOC chairman Vingroup plans 60,000 EV fleet as part of $6.5 billion Maharashtra push TVS Srichakra assumes US sponsorship rights to boost global brand visibility Vedanta Aluminium signs pact with two downstream companies Shapoorji Pallonji group reiterates call for public listing of Tata Sons THINK Gas launches GIS platform for instant PNG availability check, faster connections Swiggy co-founder Nandan Reddy to exit; 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Strengthening R&D, investment key for Indian drugmakers to lead globally: Nadda
2026-04-13 · via Company News: Companies Analysis, Updates & Insights | The HinduBusinessLine

India is best positioned to play a leading role as the global pharmaceutical landscape evolves with increasing emphasis on biologics, biosimilars and specialty medicine, for which strengthening R&D, increased investment and deeper industry participation will be key, Union Minister J P Nadda said on Monday.

In a video message at the India Pharma 2026 event, Nadda, Minister of Chemicals & Fertilisers and Health & Family Welfare, said that over the years, India has earned recognition as the pharmacy of the world, driven by its leadership and affordable generic medicines.

"Today, however, the global pharmaceutical landscape is evolving rapidly, with increasing emphasis on biologics, biosimilars and speciality medicine.

In this changing environment, India is best positioned, not only to adopt but to play a leading role," he asserted.

He reiterated the government's commitment towards "creating a policy framework that supports innovation, strengthens research capabilities and promotes value-based growth".

Looking ahead, Nadda said, "Strengthening research and development will be critical. Increased investment, deeper industry participation and effective public-private partnerships will play a key role in enabling India to transition towards high-value innovation."

The minister said under the leadership of Prime Minister Narendra Modi, the government has taken several steps to make the Indian pharma industry a global leader, including the recently announced Biopharma SHAKTI with an outlay of Rs 10,000 crore over five years.

He also said strengthening domestic manufacturing remains a priority through initiatives such as the production link incentive (PLI), the scheme for bulk drugs and the development of bulk drug parks. India is working towards enhancing self-reliance and building resilient supply chains.

Addressing the event, Minister of State for Chemicals & Fertilisers and Health & Family Welfare, Anupriya Patel, said the "generics model" for which the Indian pharma industry is known is under strain globally. She encouraged domestic drugmakers to invest in "more of biosimilars, biologics, and innovative drugs".

She asserted that the government is "all out here to support the industry".

Patel further said, "We are about to restructure CDSCO (Central Drugs Standard Control Organisation), and we are creating a new scientific review workforce, (and) more than 1,500 professionals who are subject experts are going to be hired."

Also, a network of 1,000 clinical trial sites is going to be set up, she said, adding, "We are also laying special emphasis on the use of artificial intelligence in drug discovery and development".

"All these steps will help to transform India into a preferred destination for drug discovery as well as drug development," Patel noted.

Published on April 13, 2026