“Let us move from ‘Volume’ to “Value’ leadership to capture global pharmaceutical market. It is time to accumulate knowledge from global best practices in research, manufacturing and innovation and develop our own models focused on accelerating production to meet the domestic demand while increasing our global footprint”.
Union Minister for Health & Family Welfare, Dr. Mansukh Mandaviya exhorted the champions and leaders of Pharmaceutical Industry at the interactive session with Indian Pharmaceutical Alliance. The objective of the meeting was to discuss India’s Pharma Vision 2047 and roadmap for the Indian pharmaceutical sector.
Reiterating Prime Minister’s vision of attaining Aatmanirbharta in all fields, Dr. Mansukh Mandaviya pushed for making the pharmaceutical sector leapfrog in its growth trajectory in the upcoming years. He said “we already have the required “man power and brand power” and Indian companies today are at an inflexion point to capture top global positions.”
India has been acknowledged as “pharmacy of the world” based on its generic medicines production and the volume share in global market. It is time to move ahead and capture the top global positions based on the value too, he stressed.
Dr Mandaviya underscored the importance of long-term policies which provide stability to the industry. Emphasising that the Government is committed to supporting the Pharma Companies with Industry-Friendly policies and investor promoting ecosystem.
Simultaneously, he added that “we need to move ahead with the Pharma Industry being at the forefront in taking lead and proposing their own models and initiatives in expanding manufacturing capacity, invest in innovative technologies and focus on research and development. The government will strengthen the sector through streamlining policies and effective schemes such as the PLI which support cutting edge research”.
Apart from policy front, Dr. Mandaviya also focused on the investments in research and development, efficient manufacturing capacities along with creating ample opportunities for innovation that is the need of the hour now. He was hopeful that through these steps we will be able to create a vibrant ecosystem for this sector.
