Overview of the Indian Pharma Industry

India Plans Pharma–Exports Expansion in Latin America

Page: 2/3

Related Companies

Subsidies and Support from India's Government

In light on the above developments, the Government of India along with the industry has taken measures to create a more export friendly ecosystem for the Indian pharmaceutical industry. India is one of the first few countries to launch the Trace and Track mechanism for its pharma products.

The system involves affixing barcodes on the primary, secondary and tertiary levels packaging labels in phases following GS-1 global standards. The barcode helps in tracking and tracing the origin of drugs, which in turn minimizes the chances of genuine drugs being considered spurious, sub-standard or counterfeit. Currently, the system is already in place at the secondary and tertiary level of packaging.

Quality Becomes Decissive Factor for Pharma Growth

“Quality is a major focus for pharmaceutical exports from India. India looks at healthcare as a holistic issue rather than just commercial business,” said Joint Secretary, Department of Commerce, Government of India, Sudhanshu Pandey. The Department of Commerce, Government of India, has been following a zero tolerance policy for maintaining high quality in the Indian pharma exports. To address the issues from the developing markets, India has enhanced its engagement with the regulatory authorities.

For instance, a technical team was recently sent to Vietnam including representatives from Central Drugs Standard Control Organization (CDSCO) and Pharmaceuticals Export Promotion Council (Pharmexcil). The team held in-depth meetings with counterparts to understand the issues, and they are expected to extend this initiative in the coming months to other major developing markets.

A Filing Mechanism for Complaints

Additionally, India has also put in place a mechanism for filing complaints about pharma products from India. The Department of Commerce has appointed a nodal officer who will be responsible for handling such complaints working closely with the respective mission. An international cell has been set up in CDSCO with 10 dedicated inspectors to handle the cases reported from export markets.

(ID:43032610)