The Foreign Investment Promotion Board (FIPB), chaired by Economic Affairs Secretary in its meeting considered and approved 14 FDI proposals. FIPB has approved the foreign investment proposals of Lupin and Alkem Laboratories under the automatic route.
Lupin is an innovation led transnational pharmaceutical company producing and developing a wide range of branded & generic formulations, biotechnology products and APIs globally. The company is a significant player in the Cardiovascular, Diabetology, Asthma, Pediatric, CNS, GI, Anti-Infective and NSAID space and holds global leadership positions in the Anti-TB and Cephalosporin segment.