Tax-Free Bonds by Indian
Do you know that India is the 4th Largest drug industry in the world by Volume?
Do you know that India accounts for less than 1% of the US $ 130 Billion spent worldwide on drug Discovery?
Do you know that The Indian Government is now aims to have 1 out of every 5 new drugs discovered by 2020 to be from India?
Yes, This is true. Indian Government is now panning to have 1 out of 5 new drugs discovered by 2020 to be from India and that means 20% of the market share of newly discovered Drugs.
And to Fund this Venture, Government of India is planning to issue tax-free bonds worth up to Rs.10,000 Crores (US $ 2 Billion) to the general public every year till 2020 as a part of this ambitious plan to fund massive drug discovery plan aimed at making India a global leader in new drugs.
These bonds will be Tax-Free and Minimum amount will be backed by Government of India so these are absolutely safe Investments.
Tax-free bonds will give retail investors an opportunity to take part in the fortunes of the scheme, especially it leads to blockbuster drugs.
Even in cases where the project fails, the government would guarantee a minimum return on investments.
It is estimated that only 1 in 6 experimental drugs makes it to the market.
This move by Government of India is very encouraging and desirable because new drug discovery is a high-risk activity with very low success rate and during this time of recession, private sector pharmaceutical companies are not investing this much of money behind such a risky Venture.
So Get ready to Invest in the Tax-Free Drug Research Venture Bonds….!!!!!
