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Business Economy


Move afoot to push pharma exports in untapped markets: Prabhu

New Delhi, May 8 (UNI) The government is making efforts to push pharmaceutical exports in untapped markets, including China; Commerce Minister Suresh Prabhu said.
He said China has agreed for a high level bilateral Round Table to pave the way for Indian Pharma to get market access and penetration in their vast market.
Speaking at the 6th annual International Exhibition of Pharma and Healthcare (iPHEX) here on Tuesday, Mr Prabhu said his Ministry was fully committed to promoting the Indian pharmaceuticals industry globally.
The minister assured the global pharmaceutical players and regulators, of best quality and affordability of the Indian drugs.
He also emphasised the need for reaching out to newer markets, especially in Africa, where affordability is the key issue, which can be very well addressed by the Indian exporters.
Stressing on the need of competitive and complementary strategies, Mr Prabhu said such strategy will benefit every segment of the pharmaceutical sector.
He further said that there is need to make both traditional and preventive medicine, to work together. He also said that Genomics is the new branch in medicine, which can play a major role for the Indian Pharmaceutical sector.
Speaking on the occasion, Commerce Secretary Ms Rita Teaotia said that effort is on to ensure uniform quality in the pharmaceutical sector. The Ministry is committed to ensure that consistent quality and efficacy is maintained by Indian pharmaceutical products.
Enumerating the measures to improve Ease of Doing Business, the Drugs Controller General of India, Dr Eswara Reddy, announced increasing the validity of the GMP (Good Manufacturing Practices) Certificate, from two to three years.
He further stated that protocol for clinical trials approval has also been changed, setting the time line of 45 days. Once approval does not come within this timeline, the protocol would have deemed to be approved.
UNI JPG SHK 1754
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