Union Commerce and Industry Minister PiyushGoyal recently invited global pharmaceutical companies to partner with India as it advances towards innovation-led and inclusive healthcare, saying the country’s pharmaceutical industry, currently valued at around USD 60 billion, has the potential to double in size over the next five years.

Addressing the Global Ambassador Meet on the Pharmaceutical Sector and the curtain-raiser ceremony for GDRC (Global Drug Regulators Conclave) 2026 and IPHEX (International Pharma and Healthcare Expo) 2026 in New Delhi, Goyal said India aims to move beyond its traditional strength in generic medicines and expand into . . .