API refers to active pharma ingredient present in medicine which produces the intended effects. A medicine can have single or multiple APIs. Generally, the name and amount of API present in the medicine are written on the package of the OTC drugs. Read: Best Manufacturing Business Ideas in 2021 Often APIs…
Image Source: government.economictimes.indiatimes.com The recent outbreak of coronavirus that originated in China has disrupted the supply chain across the globe, resulting in a dearth of goods for the countries that heavily rely on imports. Like many other countries, India too is facing a shortage of several goods such as electronic…
Key Facts: The chemical sector has been the 3rd largest contributor to GDP amongst manufacturing industries in India in recent years. 200% weighted average reduction of tax from the Income-tax department for both capital and revenue expenditure incurred on scientific R&D Currently, the industry is employing more than 2Mn people…