Kodak gets US$765 million for drug business, in move to cut US dependence on China and India

Photo industry giant Eastman Kodak will get a US$765 million loan from the US government to produce pharmaceutical ingredients in the country, helping reduce dependency on other countries by strengthening domestic supply chains.The US International Development Finance Corp said on Tuesday it would sign a letter of interest to provide the loan to Kodak, a company known more for its cameras and imaging business.The loan is the first of its kind under the Defence Production Act in collaboration…

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