Shri Ananth Kumar said that he is also pushing for the idea for a separate Ministry of Pharmaceutical and Medical Devices, so as to give a boost to the sector at the Annual Conference of Pharmaceuticals and Medical Devices in New Delhi. It plays important role in promotion, encouragement, enabling atmosphere and regulation in a good measure so that quality affordable drugs are available to the common masses of the country, as per minister.
Pharmaceutical Sector in the country is a sunrise industry, with large potential and India can be a world leader in it. For this, enabling infrastructure, regulation and Tariff structure are required, said Shri Ananth Kumar, Union Minister for Chemicals and Fertilizers.
Government is working to set up Pharma Parks, Bulk Drugs Parks and Medical Devices Parks. These will help in getting affordable and unencumbered large parcels of land and common facilities for the industry, thereby reducing the manufacturing costs by 30 percent which will make Indian pharma industry competitive in the world.
Katoch Committee Report on the Bulk drugs will be implemented soon.
"The government is working to facilitate the growth of pharma sector. He said that there is need to do good and effective work in the field of research and development in the sector," said Hansraj Gangaram Ahir, Minister of State for Chemicals and Fertilizers.
On the occassion Shri V.K.Subburaj (Secretary, Pharmaceuticals) said that India has been exporting medicines to over 200 countries, but the growth has mainly been in the generic segment. He said that the sector offers big opportunities for growth, and the central Government is working in the direction, in consultation with all the stakeholders, including the state governments.
