Photo of Avani Dalal

Associate in the General Corporate Practice at the Ahmedabad office of Cyril Amarchand Mangaldas. Avani specializes in general corporate advisory, including inbound and outbound investments, mergers and acquisitions, joint ventures, business transfers and private equity. She can be reached at avani.dalal@cyrilshroff.com

FDI in Brownfield Pharma – Will COVID-19 be the catalyst for policy reforms

The pharma sector has gained renewed global attention due to the crisis brought about by COVID-19, a pandemic having an unprecedented impact on health and wellbeing of citizens across geographical boundaries. It is estimated that around 76 pharma companies across the world are in a race to develop and mass-produce an effective vaccine in the fight against COVID-19[1]. Indian pharma companies too are playing a vital role in this search.[2] The Indian pharmaceutical industry has responded to the rapid challenges arising from disruption in supply chains and is working in an integrated manner to drive local expertise by production and export of essential formulation to countries across the globe, and live up to its title as the ‘Pharmacy of the World’.
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