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Centre looking to hike import duty on bulk drugs, in bid to boost local manufacturing

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Synopsis

The department of pharmaceuticals (DoP) is mulling the proposal as it pushes to make India self-reliant on APIs. A committee of experts formed by the DoP has suggested increasing the customs duty on APIs by 10 percent.

NEW DELHI: The government is considering increasing the import duty on active pharmaceutical ingredients (APIs) to 20-25% from the current 10%, to help boost local manufacturing of the bulk drugs, people in the know told ET. The department of pharmaceuticals (DoP) is mulling the proposal as it pushes to make India self-reliant on APIs. A committee of experts formed by the DoP had suggested increasing the customs duty on APIs. "This will help the

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