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Piyush Goyal Calls for More Global Investment in India’s Pharma Sector

## 16. Piyush Goyal calls for more global investment in India’s pharma sector

Commerce and Industry Minister Piyush Goyal has called for a more open approach to global investment in India’s pharmaceutical sector, with the focus on clinical trials, research and development, and patenting. He also stressed regulatory convergence and resilient supply chains for active pharmaceutical ingredients (APIs) and key starting materials (KSMs).

The remarks amount to a policy call, not a policy change. They indicate the direction Goyal wants the sector and government to consider, but they do not by themselves alter investment rules, approval procedures or intellectual-property law. Any change would require an official notification or amendment from the competent authority.

The emphasis on clinical trials and R&D places higher-value activity alongside manufacturing capacity. For investors, that could make India’s research ecosystem, regulatory predictability and intellectual-property protection central to future decisions. For Indian manufacturers, the supply-chain point highlights the importance of dependable access to APIs and KSMs, especially where disruptions could affect medicines production.

Regulatory convergence could reduce friction between Indian requirements and international expectations, although its practical effect would depend on how it is defined and implemented. The minister’s comments should not be read as evidence that a new scheme or rule is already in force.

Fortune India reported the comments and is the secondary source for this report. Readers should check the [Department for Promotion of Industry and Internal Trade](https://dpiit.gov.in/) and [Press Information Bureau](https://pib.gov.in/) for any subsequent official announcement.

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