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API report
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- The Technology Information, Forecasting and Assessment Council (TIFAC) has recently released a report on ‘Active Pharmaceutical Ingredients’ (API).
- Along with the report, a white paper titled ‘Focused Interventions for Make in India : Post COVID 19’ was also released
- The pharmaceutical industry in India is third largest in the world, in terms of volume, behind China and Italy, and fourteenth largest in terms of value.
- Active Pharmaceutical Ingredient (API) is a substance or mixture of substances contained in a medicine that is intended to cause pharmacological activity.
- TIFAC is an autonomous body under the Department of Science and Technology.
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