Commerce and Industry Minister Piyush Goyal, at Bharat Health Global Expo 2026 in New Delhi, called for globally integrated and resilient healthcare supply chains and a move beyond generics into new molecules, biosimilars and biotechnology.
He said India had lost ground in Active Pharmaceutical Ingredients and Key Starting Materials and that resilience means multiple sources rather than indigenising everything.
He put medical value travel spending at about USD 8 billion, urged that it be pursued in mission mode, and offered support through bulk drug parks and plug-and-play industrial infrastructure.
GS Paper 3 > Indian Economy > Industrial Policy and Manufacturing
The chemically active component of a medicine; India's heavy import dependence for APIs and their Key Starting Materials is the vulnerability the bulk drugs PLI addresses.
Travel to another country primarily to receive medical treatment — the trade-in-services segment that 'Heal in India' and the Ayush Visa are built around.