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Budget 2024 Expectations: Pharma Sector Seeks Tax Benefits, Effective Intellectual Property Rights Regime

Summary by News18 India
There is a need to incentivise R&D investments, offer corporate tax concessions and establish an effective intellectual property rights regime in order to push the growth of domestic pharmaceutical industry, as per the industry bodies.

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News18 IndiaNews18 India

Budget 2024 Expectations: Pharma Sector Seeks Tax Benefits, Effective Intellectual Property Rights Regime

There is a need to incentivise R&D investments, offer corporate tax concessions and establish an effective intellectual property rights regime in order to push the growth of domestic pharmaceutical industry, as per the industry bodies.

·India
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The HinduThe Hindu

Budget 2024: Pharma industry seeks tax benefits, effective intellectual property rights regime

Outlining the sector's wish list for the upcoming Union Budget, Organisation of Pharmaceutical Producers of India (OPPI) Director General Anil Matai urged the government to explore methods to incentivise R&D investments

·India
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