FIPB abolition a ‘big move’

Our Bureau Hyderabad | Updated on January 12, 2018

The Union Budget 2017-18, is a positive one, without being a game-changer, according to K Satish Reddy, Chairman, Dr Reddy’s Laboratories Ltd. “There is no strong thrust or focused measures to bolster the healthcare sector, apart from a mention about improving rural health infrastructure with 1.5 lakh sub-centres being upgraded to health and wellness centres and setting up of 2 more AIIMS,’’ Reddy said. Some amendments have been proposed to the Drugs & Cosmetics Act to provide a fillip for generic medicines but the details need to emerge on what exactly is being proposed. The abolition of the Foreign Investments Promotion Board (FIPB) was a big move as it was an impediment to FDI, Reddy said.

Published on February 02, 2017

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