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The Economic Times

Economy / The Economic Times

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Drugmakers yet to see gains from government's minimum import price policy

Government's Minimum Import Price (MIP) initiative to boost domestic drug makers faces a slow start. Despite setting price thresholds for key raw materials like penicillin G, industry executives report a lack of clear beneficial impact. Buyers and manufacturers are hesitant to shift to domestic suppliers at MIP-linked prices, leaving significant production capacity underutilized. Some anticipate this is a temporary phase as existing stockpiles are consumed.

23 Jun 2026 12:26 am