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Private Sector Investment in Health Sector

New Delhi, January 08, 2018: Under National Health Mission (NHM) technical and financial support is provided to the States/UTs to strengthen their health systems, including support for provision of healthcare services through Public  Private Partnership, based on the requirements...

The 7th Edition of Indian Pharmacopoeia 2014

New Delhi Nov 5, 2013 : Scope of Pharmacopoeia Extended to Include Products of Biotechnology, Indigenous Herbs and Herbal products, Veterinary Vaccines and Additional Antiretroviral Drugs and Formulations     The Union Health and Family Welfare Minister, Shri...

IHH Health invests $50 mn in Continental Hospitals

Hyderabad, April 13, 2015 IIHH Healthcare Berhad has picked up majority stake in Continental Hospitals Limited, Hyderabad with an investment of $50 million (around Rs. 310 crore). The investment was made through Parkway Pantai Limited (IHH), a 100 per cent subsidiary...

Mitra Biotech Raises Venture Capital Funding from Tata Capital Innovations Fund

 Bangalore, Karnataka, India, Thursday, October 24, 2013: Tata Capital Innovations Fund, a domestic venture capital fund managed by Tata Capital has invested in Mitra Biotech Private Ltd (Mitra), to help the company scale up its go to market strategy...

GSK Pharma to invest Rs.1,000 cr in tablets, capsules unit near Bengaluru

Mumbai, August 2015 GlaxoSmithKline Pharmaceuticals Ltd (GSK) has decided to invest Rs.1,000 crore to set up facility to manufacture tablets and capsules. The Karnataka government has allotted 50 acres of KIADB land at Vemgal Industrial Area in Kolar for the purpose....

Pre Budget quote from population foundation of India on Healthcare

Bengaluru, March 20, 2016: The Health Budget for FY 16-17 should reflect an increase in investments on Family Planning - Ms Poonam Muttreja, Executive Director, Population Foundation of India. Based on the last central Health Budget estimates of FY 15-16,...

Piramal’s pharma solution arm to invest $40m in new technology

Mumbai, Jan 19, 2015 - Piramal Enterprises' Pharma Solution division, a global leader in contract development and manufacturing today said it plans to invest USD 40 million in new equipment and next generation technologies. "To serve our partners better, Piramal...

GSK Consumer Healthcare posts Rs. 583.6-crore profit in 2014-15

Manoj Kumar appointed MD, Vivek Anand CFO New Delhi, May 2015: FMCG firm GlaxoSmithKline Consumer Healthcare Ltd has posted a net profit ofRs. 583.6 crore for the 12-month period ended March 31, 2015. Net sales for the...

Wellness Forever raises Rs. 20 cr from investors

Mumbai, April 24, 2015: Wellness Forever, a Mumbai-based retail pharmacy chain, has raised Rs. 20 crore from a consortium of investors in exchange for a minority stake in the company. The investors — high networth individuals and family offices...

Policy on Foreign Direct Investment in the Pharmaceutical Sector

New Delhi November 30, 2013: The Cabinet considered the proposal of the Ministry of Commerce and Industry, for review of the policy on foreign direct investment in the pharmaceutical sector. The Cabinet decided that the current policy in brownfield...