PE majors TPG, Temasek planning investments in Indian API manufacturers

Private equity (PE) majors TPG and Temasek are planning investments in active pharmaceutical ingredient (API) manufacturers in India to capitalise on supply disruptions from China. The investment interest comes as Indian drugmakers are focusing on specialty products, while relying extensively on Chinese imports for basic ingredients and other raw materials used in medicines.  A crackdown on Chinese manufacturers over pollution has led to supply disruptions in the global market and increase in raw material prices. This is the opportunity PE firms are looking to tap into. &ldquo.....

Key stories on business-standard.com are available to premium subscribers only.

Already a premium subscriber?

Subscribe to get an across device (Website, Mobile Web, Iphone, Ipad, and Android Phone applications) access to Premium content, Breaking News alerts, Industry Newsletters, Stock and Corporate news alerts, access to Archives and a lot more.