Finance Minister Nirmala Sitharaman is all set to present the Budget for FY24-25 on February 1, 2024. As the general elections are expected in a few months, this Budget will be an interim one. The economic context in which this Budget will be presented is encouraging. Despite global volatility between 2020 and 2023, India’s GDP grew … Continue reading Budget Needs to Spur Research and Innovation-Led Economic Growth
Year-End Reflection: India’s Biotech and Pharma Sectors Can Catalyse Transformational Growth
As we bid farewell to 2023, it is opportune to reflect on the pivotal juncture that India finds itself in—a moment that holds the promise of transformative growth and innovation in 2024 and beyond. Unleash the Potential of Biotechnology Over the last several years, biotechnology in India has transformed from a nascent sector to a … Continue reading Year-End Reflection: India’s Biotech and Pharma Sectors Can Catalyse Transformational Growth
Scientific Conviction and Passion Have Propelled India to Pole Position in the Space Race
The India Space Research Organization (ISRO) has created history with the successful ‘soft landing’ of its lunar mission, Chandrayaan-3, on the Moon’s south pole. The touchdown on the lunar surface makes India the world's first country to successfully land it's space craft on the lunar south pole and the fourth nation to succeed in its … Continue reading Scientific Conviction and Passion Have Propelled India to Pole Position in the Space Race
Budget 2023 lays groundwork for long-term & inclusive growth
Finance Minister Nirmala Sitharaman has presented a well-thought-out Budget that lays the foundation for long-term growth that is both sustainable and inclusive amid global economic headwinds. It has addressed several critical aspects of the economy to establish a conducive business environment marked by macroeconomic stability. The 33 per cent hike in capital investment outlay to … Continue reading Budget 2023 lays groundwork for long-term & inclusive growth
Reinventing Supply Chains of Tomorrow
By Kiran Mazumdar-Shaw The aftermath of the COVID-19 pandemic and the ongoing Russia-Ukraine war have triggered massive disruptions in global supply chains, revealing the vulnerability of networks that were largely built on cost optimisation. Supply chains are critical to global growth, so their reinvention is vital to rebuilding economies in the post pandemic world. A … Continue reading Reinventing Supply Chains of Tomorrow
A game-changing, transformational deal that is an inflection point in Biocon Biologic’s journey of making global impact: Kiran Mazumdar-Shaw
Biocon Biologics on Monday announced a transformational deal to acquire partner Viatris’ global biosimilars business for up to USD 3.335 billion in cash and stock. The acquisition of the business, which is estimated to generate revenues of USD 1 billion next year, will create a unique, fully integrated global biosimilars enterprise. Kiran Mazumdar-Shaw, Executive Chairperson, … Continue reading A game-changing, transformational deal that is an inflection point in Biocon Biologic’s journey of making global impact: Kiran Mazumdar-Shaw
The Biocon Biologics-Viatris Transaction Catapults us into The Global Big League
Biocon Biologics on Monday announced a transformational deal to acquire partner Viatris’ global biosimilars business for up to USD 3.335 billion in cash and stock. The acquisition of the business, which is estimated to generate revenues of USD 1 billion next year, will create a unique, fully integrated global biosimilars enterprise. Kiran Mazumdar-Shaw, Executive Chairperson, … Continue reading The Biocon Biologics-Viatris Transaction Catapults us into The Global Big League
A Balanced Budget
By Kiran Mazumdar Shaw, Chairperson, Biocon Finance Minister Nirmala Sitharaman has delivered a Budget that ticks several boxes. The Budget focused on maintaining fiscal prudence, improving ease of doing business, boosting infrastructure, and creating a strong digital governance architecture. The economic gloom caused by the Covid-19 pandemic had raised expectations of a ‘feel good’ budget. … Continue reading A Balanced Budget
HOPE FM DELIVERS A FEEL-GOOD BUDGET
By Kiran Mazumdar-Shaw The Covid-19 pandemic has cast a gloomy outlook across the entire economy. Government coffers are depleting, Industry investments are shrinking, and citizens are being hit by inflation and job losses. Budget 2022 is an event that everyone is hoping will deliver good news and I wish the Finance Minister will not dash our hopes! … Continue reading HOPE FM DELIVERS A FEEL-GOOD BUDGET
Budget Offers an Opportunity To Strengthen India’s R&D and Innovation Ecosystem
By Kiran Mazumdar-Shaw The Indian pharmaceutical industry has been playing a key role in improving global health through its affordable and high-quality generic medicines. We are the third largest pharmaceuticals supplier in terms of volume, supplying 60,000 generic brands across 60 therapeutic categories worldwide. India now needs to capture value share as well. To move … Continue reading Budget Offers an Opportunity To Strengthen India’s R&D and Innovation Ecosystem