The drugs and pharmaceuticals industry saw an improvement in the number of projects completed in 2015/16. A total of 26 projects were commissioned during the year.

Business Today, in association with YES Bank, presents the Emerging Companies Excellence Awards for 2014, which celebrates the star companies of today that will be the corporate biggies of tomorrow. The Chief Guest for the event Ram Vilas Paswan, Union Minister for Consumer Affairs, Food and Public Distribution, presents the awards to the winners.

With its focus on people, processes, plants and products, Laurus Labs has grown substantially over the past 6 years. CEO Dr Satyanarayana Chava says the company's focus on improving the softskills of employess makes it a good workplace.

API manufacturer Laurus Labs believes in excelling in its chosen segments, not in following trends.

Of the proposals approved, pharma company Laurus Labs will invest Rs 600 crore; ACME - Rs 275; Sinclairs Hotels - Rs 41.52 crore and Golden Agri Resources (India) Rs 485.9 crore.

The FIPB approved raising the foreign equity holding in Axis Bank to 62 per cent from 49 per cent, subject to the condition that the holding of foreign institutional investors does not exceed 49 per cent.

FIPB, headed by Department of Economic Affairs Secretary Arvind Mayaram, in its September 19 meeting would also consider 30 other proposals, including six from the pharmaceutical sector.

India is the world's third-largest pharmaceuticals market in terms of volumes, but competition is stiff to grab a slice of the rapidly growing business. Several small pharma companies are making a big difference in niche areas of health-care.

Potential for CRAMS is huge, but where's the manpower?