PSUs in pharma sector will not be sold: Ananth Kumar

Last Updated: Wednesday, August 5, 2015, 22:03

Public sector undertakings in pharmaceuticals sector will not be sold but their assets will be leveraged to make them financially viable, the government said today.

Government plans to set up Rs 500 cr VC fund for pharma industry

Last Updated: Sunday, June 28, 2015, 16:05

In the report, the task force has suggested that DoP may launch a scheme for giving financial assistance in form of soft loan or interest subsidy for upgradation of selected manufacturing facilities to the industry.

Single-window clearance for pharma sector on anvil: Ananth

Last Updated: Monday, June 22, 2015, 20:53

To enable a single-window clearance system in pharmaceuticals sector, the government will set up a high-level committee next week to work out the modalities for the same.

Govt to approve 6 pharma parks with Rs 180 cr investment

Last Updated: Wednesday, June 17, 2015, 16:18

Government is set to approve six pharma parks this year at an estimated investment of Rs 180 crore to promote the pharmaceuticals manufacturing.

Cabinet approves production from 3 naphtha-based urea plants

Last Updated: Wednesday, June 10, 2015, 14:08

On the basis of NPS-III, the total cost of production of urea or concession price is calculated while the selling price is fixed at Rs 5,360 per tonne.

India to become self-reliant in urea in 4 years: Ananth Kumar

Last Updated: Wednesday, May 27, 2015, 13:13

The country will become self-reliant in urea and fertiliser in the next four years and is aiming to become the steel hub of the world, Union Minister for Chemicals and Fertilisers, Ananth Kumar said.

Govt to invest Rs 10,500 crore on urea plants in Jharkhand, Assam

Last Updated: Thursday, May 21, 2015, 20:19

The Cabinet on Thursday approved revival of closed urea plant in Sindri, Jharkhand, and setting up of a new fertiliser plant in Namrup in Assam at a total investment of Rs 10,500 crore.

Centre to bring more reforms, not to raise urea prices: Kumar

Last Updated: Wednesday, May 13, 2015, 22:49

Fertiliser Minister Ananth Kumar Wednesday said government will continue with the second generation "farmer centric" reforms in the sector to make the country self-sufficient in urea without increasing its prices.

India to add 10 MT urea capacity; invest Rs 60K cr: Govt

Last Updated: Thursday, April 23, 2015, 22:38

India, a net importer of urea, is set to become an exporting nation in the next 5 years with an addition of 10 million tonnes (MT) in fertiliser production capacity at an estimated investment of Rs 60,000 crore, Fertiliser Minister Ananth Kumar said Thursday.

Govt aims to raise domestic medical devices industry to $50 bn

Last Updated: Wednesday, April 8, 2015, 22:01

Government is aiming to increase the size of domestic medical devices sector to USD 50 billion by taking of a slew of measures, including setting up of two parks, Fertiliser Minister Ananth Kumar said Wednesday.

Govt may set up new Ministry for pharmaceuticals sector

Last Updated: Thursday, March 12, 2015, 15:20

The government may establish a separate Ministry for the pharmaceuticals sector, which would comprise all departments that deal with issues related to the industry.

'Rs 60k cr investment required in petrochemicals sector'

Last Updated: Thursday, February 12, 2015, 19:44

The petrochemicals sector requires an investment of over Rs 60,000 crore in the near future and the government is ready to provide this investment to usher growth in the segment, Fertiliser Minister Ananth Kuamr today said.