Union Minister of Health and Family Welfare, Mansukh Mandaviya has said that the pharmaceutical industry has an important role to play in realizing the vision of a self-reliant India and his government wants to ease the compliance-burden on the pharma industry to do so. Business.
“We want ease of doing business for the industry and reduce the compliance burden on it. That is why we always consult with all stakeholders before formulating any policy or regulation (those governing the pharma industry),” Mandaviya said.
Addressing the ‘Indian Pharma – Global Health Care’ event to commemorate the Diamond Jubilee of Indian Drug Manufacturers Association (IDMA) in Mumbai today, the Minister underlined how the sector is benefiting from government initiatives like Production Linked Incentive Scheme. Is.
He said, “Through the Production Linked Incentive Scheme, the government has tried to reduce imports by encouraging domestic manufacturing of pharmaceuticals. The PLI scheme has started production of more than 35 products in India.”
The minister called upon the pharmaceutical sector to prepare a plan for the next 25 years.
The government is helping the industry by amending the Drugs and Cosmetics Act, 1940 and promoting Ease of Doing Business, he said, adding, “We are involving the industry in the decision-making processes”.
The Minister congratulated the Indian Drug Manufacturers Association for celebrating Diamond Jubilee as ‘Amrit Mahotsav’ is celebrated in the country and said that the Government is actively working to extend necessary support to the sector.
“The government is helping the industry by amending the Drugs and Cosmetics Act, 1940 and promoting Ease of Doing Business. We are involving the industry in the decision-making processes. Also, through a series of webinars, The government has endeavored to reach out and consult the industry and other stakeholders on the implementation of the Union Budget provisions,” he said.
The Union Minister said that the government is poor and pro-farmer and emphasized that it is also industry-friendly. Recalling the contribution of the pharma sector, the Minister said that the Indian pharma industry has earned India the honor of being referred to as the ‘Pharmacy of the World’.
“The government does not see the health sector as a profit making industry. When we export medicines, we do it with a ‘Vasudhaiva Kutumbakam’ approach. During the first wave of the Covid-19 pandemic, India exported 125 supplied medicines to the countries.” Mandaviya added.
Mandaviya said that the manufacturing of 35 Active Pharma Ingredients (APIs), which used to be imported, has now started under the PLI scheme for the pharma sector in the country.