Sources for healthcare, pharma and medtech

How to read this list

The list reproduces the brochure’s reference pages in their printed order. “Secondary” marks a press report or adviser alert that summarises an official document; where a figure matters, read the official text. Web addresses are as printed in the brochure.

References (part 1)

• Invest India. Doing Business in India: Investor’s Guide 2025-26, 2025. https://static.investindia.gov.in/s3fs-public/2025-10/doing_business_in_india_investor_s_guide_at_a_glance_2025-26.pdf
• Invest India. Navigating India’s Legal and Regulatory Framework, December 2025. https://static.investindia.gov.in/s3fs-public/2025-12/navigating_india_s_legal_and_regulatory_framework.pdf
• DPIIT (Foreign Investment Facilitation Portal). Standard Operating Procedure for Processing FDI Proposals, 4 May 2026. https://fifp.gov.in/Forms/SOP.pdf
• Reserve Bank of India. Master Direction – Foreign Investment in India (updated up to 15 June 2026), 15 June 2026. https://www.rbi.org.in/Scripts/BS_ViewMasDirections.aspx?id=11200
• Reserve Bank of India. Foreign Exchange Management (Mode of Payment and Reporting of Non-Debt Instruments) Regulations, 2019 (FEMA 395), 17 October 2019. https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=11723&Mode=0
• Reserve Bank of India. Master Direction – Establishment of Branch Office, Liaison Office and Project Office in India, as updated. https://rbi.org.in/Scripts/NotificationUser.aspx?Id=10398&Mode=0
• KPMG India (secondary). Recommendations of the 56th GST Council meeting, September 2025. https://www.in.kpmg.com/taxflashnews/KPMG-Flash-News-Recommendations-of-56th-GST-Council-meeting.pdf
• The Tribune / ANI (secondary). Low-risk businesses to get GST registration within 3 days from 1 November, 23 September 2025. https://www.tribuneindia.com/news/cbic/come-nov-1-small-low-risk-businesses-will-get-gst-registration-approval-within-3-days
• Ministry of Finance, Government of India. Memorandum explaining the provisions in the Finance Bill, 2026, 1 Feb 2026. https://www.indiabudget.gov.in/doc/memo.pdf
• BDO India. Key amendments to the Finance Bill 2026 as passed by Lok Sabha, 27 Mar 2026. https://www.bdo.in/en-gb/insights/alerts-updates/direct-tax-alert-key-amendments-to-the-finance-bill-2026-as-passed-by-lok-sabha
• RSM India. Key Amendments in the Finance Act, 2026 vis-à-vis the Finance Bill, 2026, 2026. https://www.rsm.global/india/insights/rsm-india-newsflash-key-amendments-finance-act-2026-vis-vis-finance-bill-2026
• KPMG TaxNewsFlash. India: GAAR applied to deny capital gains exemption under Mauritius treaty, 20 Jan 2026. https://kpmg.com/us/en/taxnewsflash/news/2026/01/tnf-india-gaar-applied-to-deny-capital-gains-exemption-for-indirect-share-transfer-under-mauritius-treaty-supreme-court-decision.html
• Khaitan & Co. SC denies India-Mauritius tax treaty benefit for Tiger Global, 16 Jan 2026. https://www.khaitanco.com/thought-leadership/SC-denies-India-Mauritius-tax-treaty-benefit-for-Tiger-Global-rejects-grandfathering-protection-under-GAAR
• Aurtus. Transfer pricing alert: safe harbour rules, Feb 2026. https://static1.squarespace.com/static/602be9735116c32c97e7ff22/t/699fcbc734bc061346699c4a/1772080071848/Aurtus_Transfer+Pricing+Alert_Safe+Harbour+Rules.pdf
• CLC Law. Safe harbour, APA and transfer pricing under the Income-tax Rules 2026, 2026. https://www.clclaw.in/blog/safe-harbour-apa-and-transfer-pricing-under-new-income-tax-rules-2026-june-30-compliance-deadline
• Government of India (Gazette). Finance Act, 2026 (No. 4 of 2026), 30 Mar 2026. https://www.incometaxindia.gov.in/documents/d/guest/finance-act-2026-pdf-1
• PIB. Safe harbour for IT services: Budget 2026-27 release, 1 Feb 2026. https://www.pib.gov.in/PressReleasePage.aspx?PRID=2221428
• Business Standard (secondary). India targets USD 50 billion pharmaceutical exports by 2030, 10 Jun 2026. https://www.business-standard.com/markets/capital-market-news/india-targets-usd-50-billion-pharmaceutical-exports-by-2030-126061000393_1.html
• DPIIT. Fact Sheet on FDI Inflow, April 2000 to March 2026, 2026. https://www.dpiit.gov.in/static/uploads/2026/06/41192ca92c1de34eb064800fbffa0379.pdf
• Invest India. Medical Devices sector page, retrieved 1 Oct 2026. https://www.investindia.gov.in/sector/medical-devices
• Invest India. India Opportunity, retrieved 1 Oct 2026. https://www.investindia.gov.in/india-opportunity
• PIB. India’s Pharmaceuticals in Global Healthcare, 2026. https://www.pib.gov.in/PressNoteDetails.aspx?NoteId=157889&ModuleId=3
• Invest India. Pharmaceuticals sector page, retrieved 1 Oct 2026. https://www.investindia.gov.in/sector/pharmaceuticals
• DPIIT. Consolidated FDI Policy 2020, 15 Oct 2020. https://www.dpiit.gov.in/static/uploads/2025/07/6457fc2703ee6082366c4a958b6473a8.pdf
• Department of Pharmaceuticals. Annual Report 2025-26, 2026. https://pharma-dept.gov.in/sites/default/files/Annual%20Report%202025-26.pdf
• Department of Pharmaceuticals. Guidelines of the Scheme Promotion of Medical Devices Parks, 2020. https://static.investindia.gov.in/s3fs-public/2022-08/Guidelines%20of%20the%20Scheme%20Promotion%20of%20Medical%20Devices%20Parks.pdf
• Ministry of Finance. Budget Speech 2026-27, 1 Feb 2026. https://www.indiabudget.gov.in/doc/budget_speech.pdf
• India Pharma Outlook (secondary). How to apply for the ₹10,000 crore Biopharma SHAKTI scheme, 2026. https://www.indiapharmaoutlook.com/in-depth/how-to-apply-for-india-s-rs-10000-crore-biopharma-shakti-scheme-nwid-4978.html
• PIB. Transforming India into a Global Biopharma Hub (Budget 2026-27 series), Feb 2026. https://static.pib.gov.in/WriteReadData/specificdocs/documents/2026/feb/doc202622776701.pdf
• PIB. Corpus fund for funding R&D in private sector (Parliament question), 4 Feb 2026. https://www.pib.gov.in/PressReleasePage.aspx?PRID=2223191
• PM India. Cabinet approves Research Development and Innovation (RDI) Scheme, 1 Jul 2025. https://www.pmindia.gov.in/en/news_updates/cabinet-approves-research-development-and-innovation-rdi-scheme-to-scale-up-research-development-and-innovation-in-strategic-and-sunrise-domains/
• PIB. Recommendations of the 56th GST Council, Sep 2025. https://www.pib.gov.in/PressReleasePage.aspx?PRID=2163555
• PIB. Union Budget 2025-26 customs proposals, 1 Feb 2025. https://www.pib.gov.in/PressReleasePage.aspx?PRID=2098364&reg=48&lang=2
• DPIIT. Press Note 1 (2026 Series), 9 Feb 2026. https://www.dpiit.gov.in/static/uploads/2026/02/4eddf849f19d658e3a74dc32d344b5f9.pdf
• DPIIT. Press Note 2 (2026 Series), 15 Mar 2026. https://www.dpiit.gov.in/static/uploads/2026/03/b9da5830b052c2f2d788593e97d07c63.pdf
• EY India (secondary). DPIIT permits foreign investment in export-oriented inventory-based e-commerce model, 25 September 2026. https://www.ey.com/en_in/technical/alerts-hub/2026/09/dpiit-permits-foreign-investment-in-export-oriented
• India Briefing (Dezan Shira & Associates) (secondary). India eases FDI rules for inventory-based e-commerce exports, 5 August 2026. https://www.india-briefing.com/news/india-fdi-inventory-based-e-commerce-exports-rule-change-46324.html/
• Trilegal (secondary). Foreign investment in India: the 2026 reset, 2026. https://trilegal.com/news-insights/thought-leadership/foreign-investment-in-india-the-2026-reset/
• CDSCO. Medical Devices FAQs, 2024. https://cdsco.gov.in/opencms/export/sites/CDSCO_WEB/Pdf-documents/mdfaq24.pdf

References (part 2)

• Akashvani News. Govt notifies key amendments to NDCT Rules, 2019, 28 Jan 2026. https://www.newsonair.gov.in/govt-notifies-key-amendments-to-new-drugs-and-clinical-trials-rules-2019
• CliniExperts (secondary). NDCT Amendment Rules 2026, 2026. https://cliniexperts.com/reduced-approval-timelines-and-enhanced-compliance-obligations-under-ndct-amendment-rules-2026/
• India Briefing (secondary). India extends GMP compliance deadline to December 2025, 2025. https://www.india-briefing.com/news/india-extends-gmp-compliance-deadline-to-december-2025-35679.html/
• Business Standard (secondary). CDSCO asks state units to start inspections under Schedule M norms, 8 Nov 2025. https://www.business-standard.com/industry/news/cdsco-asks-state-units-to-start-inspections-under-schedule-m-norms-125110801170_1.html
• Business Standard (secondary). US pharma tariffs widen, with zero duty for select Indian medicines, 29 Sep 2026. https://www.business-standard.com/world-news/trump-100-percent-pharma-tariff-india-select-drugs-exemption-126092900121_1.html
• Reuters via Yahoo Finance (secondary). Medicover to sell India hospital business to KKR for €1.2 billion, 6 Aug 2026. https://sg.finance.yahoo.com/news/medicover-sell-india-hospital-business-055702160.html
• Medical Buyer (secondary). KKR’s Medicover buyout underscores India’s hospital consolidation boom, 2026. https://medicalbuyer.co.in/kkrs-medicover-buyout-underscores-indias-hospital-consolidation-boom/
• ANI (secondary). Eli Lilly plans to invest over USD 1 billion in new contract manufacturing in India, 6 Oct 2025. https://aninews.in/news/business/telangana-bags-usd1-billion-eli-lilly-investment-for-new-pharma-manufacturing-plant20251006163723/
• Sanofi Healthcare India. Sanofi announces expansion of its Global Capability Centre in Hyderabad, 17 Jul 2024. https://www.sanofi.com/assets/countries/india/docs/Media/press-releases/2024/sanofi-announces-expansion-of-its-global-capability-centre-in-hyderabad.pdf
• Business Standard (secondary). KKR makes a comeback in hospital space with Rs 2,000 crore BMH deal, 1 Jul 2024. https://www.business-standard.com/companies/news/kkr-makes-a-comeback-in-hospital-space-with-rs-2-000-crore-bmh-deal-124070100934_1.html
• Invest India. Healthcare sector page, retrieved 1 Oct 2026. https://www.investindia.gov.in/sector/healthcare
• Invest India. AYUSH sector page, retrieved 1 Oct 2026. https://www.investindia.gov.in/sector/ayush
• Invest India. Telangana state page, retrieved 1 Oct 2026. https://www.investindia.gov.in/state/telangana
• Invest India. Tamil Nadu state page, retrieved 1 Oct 2026. https://www.investindia.gov.in/state/tamil-nadu
• Business Standard (secondary). Telangana sets $25 billion investment goal under new life sciences policy, 21 Jan 2026. https://www.business-standard.com/industry/news/telangana-unveils-life-sciences-policy-to-attract-usd-25-bn-investments-in-five-years-126012100745_1.html
• Tamil Nadu Single Window Portal. Incentives under Tamil Nadu Industrial Policy 2021, retrieved 2026. https://tnswp.com/DIGIGOV/TN-pages/industrial-policy.jsp?pagedisp=static
• Government of Karnataka. Karnataka Industrial Policy 2025-30, 2025. https://www.grantthornton.in/globalassets/1.-member-firms/india/assets/pdfs/alerts/government_of_karnataka_announces_the_karnataka_industrial_policy_2025_30.pdf
• Government of Maharashtra. Industry, Investment and Services Policy 2025, 2025. https://static.investindia.gov.in/s3fs-public/2026-04/maharashtraindustriesinvestmentandservicespolicy2025-gr-31122025.pdf
• Government of Uttar Pradesh. Industrial Investment & Employment Promotion Policy 2022, 2022. https://static.investindia.gov.in/s3fs-public/2024-12/uttar_pradesh_industrial_investment_employment_promotion_policy_2022-en.pdf
• PIB. India–UK CETA and social security agreement to enter into force, 17 Jun 2026. https://www.pib.gov.in/PressReleasePage.aspx?PRID=2274280&reg=48&lang=2
• Deccan Chronicle (secondary). Nod for NextGen Life Sciences Policy, 24 May 2026. https://www.deccanchronicle.com/southern-states/telangana/nod-for-nextgen-life-sciences-policy-1958757
• Akashvani News. Telangana Government unveils next-gen Life Sciences Policy at Davos, 22 Jan 2026. https://www.newsonair.gov.in/telangana-government-unveils-next-gen-life-sciences-policy-at-davos
• Siasat (secondary). Telangana unveils life sciences policy at Davos, 21 Jan 2026. https://www.siasat.com/telangana-unveils-life-sciences-policy-at-davos-targets-usd-25b-investments-by-2030-3329289/amp/
• Business Standard. Aster DM commences operations on completion of merger with Quality Care India, 2 Jul 2026. https://www.business-standard.com/markets/capital-market-news/asterdm-commences-operations-on-completion-of-merger-with-quality-care-india-126070200543_1.html
• IBEF. Pharma exports surpass US$ 31 billion in FY26 despite global headwinds, 5 May 2026. https://www.ibef.org/news/pharma-exports-surpass-us-31-billion-in-fy26-despite-global-headwinds
• PIB (Department of Pharmaceuticals). Revamped Pharmaceuticals Technology Upgradation Assistance Scheme, 6 Feb 2026. https://www.pib.gov.in/PressReleasePage.aspx?PRID=2224373
• PIB (Department of Pharmaceuticals). Bio Pharma SHAKTI scheme, 10 Mar 2026. https://www.pib.gov.in/PressReleasePage.aspx?PRID=2237416
• Ministry of Finance. Notes on Demands for Grants 2026-27: Department of Pharmaceuticals, 1 Feb 2026. https://www.indiabudget.gov.in/doc/eb/sbe7.pdf
• The Tribune. US exempts India, 19 other nations from 100% tariff on speciality drugs, 29 Sep 2026. https://www.tribuneindia.com/news/business/us-exempts-india-19-other-nations-from-100-tariff-on-speciality-drugs

About the statistics

Statistics are quoted from the sources listed and have not been independently audited. Invest India is the Government of India’s national investment promotion and facilitation agency; this guide is not affiliated with it. Laws, policies and schemes are summarised as of 1 October 2026 and change frequently.