Business »  Topic »  China crisis, India scouting for APIs a shot in arm for sick pharma PSU

China crisis, India scouting for APIs a shot in arm for sick pharma PSU


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HAL plans to take up fermentation based APIs too in its next phase of expansion.

The Chinese crisis and India scouting for alternative sources of pharmaceutical bulk drugs has come as a shot in the arm for sick public sector enterprise Hindustan Antibiotics Ltd (HAL). The company is charting a turnaround plan by starting to manufacture the key bulk drugs that the government has identified under a production linked incentive (PLI) scheme.

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