Maintain a degree of competitiveness to consolidate our presence in the world, says Dr Mansukh Mandaviya
May 27, 2023,
Union minister of chemicals and fertilizers, and health and family welfare Dr Mansukh Mandaviya said that the industry is progressing at a rapid rate, and to maintain India's stature as the ‘Pharmacy of the World’, we need to focus on quality and affordable manufacturing with an increased focus on research and innovation.
He was speaking to the industry leaders, chairing a roundtable meeting with the leading CEOs of pharmaceutical industry in the country on the second day of 8th International Conference on Pharma and Medical Device Sector.
He urged the stakeholders to capitalize on the current opportunities, adding, “Substantial investment in terms of production linked incentive schemes as well as upcoming drug parks are bearing fruitful results. To catalyze growth, we must maintain a degree of competitiveness to consolidate our presence in the world.”
Reiterating the government’s commitment and resolve, the Union health minister stated “the government is industry friendly and welcomes opportunities for collaboration. The government and industry, both integral to the nation’s progress, must work cohesively to achieve holistic growth.”
He invited the stakeholders to put forth their suggestions addressing the aspects of pricing, regulatory, policy and strategy, with the respective action points in a detailed presentation and due consideration will be given to facilitate further policy support and growth.
S Aparna, secretary, Department of Pharmaceuticals urged the attending representatives to collate and collectively represent their perspectives adhering to the aforementioned four categories to facilitate policy makers, government in fostering a stronger ecosystem for all.
The roundtable brought together participants from over 60 companies represented by senior leadership, with several key players having a presence in the national as well as international markets. N Yuvaraj, joint secretary, Department of Pharmaceuticals, Awadhesh Kumar Choudhary, senior economic advisor, Vinod Kotwal, member secretary, National Pharmaceutical Pricing Authority, DCGI Dr Rajeev Raghuvanshi, chairman, NPPA Kamlesh Pant, various industry stakeholders and representatives of academia and associations were also present in the conference.
The annual flagship conference is being held over two days – May 26, 2023 dedicated for India Medical Device sector on the theme "Sustainable MedTech 5.0: Scaling and Innovating Indian MedTech," and May 27, 2023 dedicated for the pharmaceutical sector on the theme "Indian pharma industry: Delivering Value through Innovation.
PHARMABIZ