The government is looking at policy options to strengthen India's thriving pharmaceutical industry and check growing instances of takeovers by foreign players. The Commerce Ministry's Pharmaceuticals Exports Promotion Council of India (Pharmexcil) has commissioned a study to suggest ways to enhance competitiveness of the domestic industry. The Ministry feels this will give confidence to the local industry to take on foreign competition and not sell out because of fear of getting swamped by larger players.
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