Indian government has allowed 100% Foreign Direct Investment (FDI) under the automatic route for greenfield projects.
India is expected to rank amongst the top three pharmaceutical markets in terms of incremental growth by 2020.
India’s generic drugs account for 20% of global exports in terms of volume, making the country the largest provider of generic medicines globally.
Rising levels of education are set to increase the acceptability of pharmaceuticals.
Service Tax exemption is provided for common effluent treatment plant operators.
Rate of income tax on royalty and fees for technical services reduced from 25% to 10% to facilitate technology inflow.