The Indian pharmaceutical and medical device industry has emerged as a global leader, renowned for its cost-effective manufacturing capabilities and high-quality products. With a robust regulatory framework and skilled workforce, the sector has witnessed significant growth over the years.
In pharmaceuticals, India is a major supplier of generic medicines globally, supplying a significant portion of the world’s demand. The country’s strength lies in its vast pool of skilled scientists and engineers, as well as its adherence to international quality standards. Additionally, India has become a hub for contract research and manufacturing services (CRAMS), attracting investments from multinational pharmaceutical companies.
In the medical device industry, India has shown promising growth, driven by increasing healthcare spending, a growing population, and a rising demand for advanced healthcare solutions. The sector encompasses a wide range of products, including diagnostic equipment, implants, and surgical instruments. Indian medical device manufacturers are increasingly focusing on innovation and research to meet global standards and cater to diverse healthcare needs.
In a special interaction with The Interview World, Arunish Chawla, Secretary of the Department of Pharmaceuticals within the Ministry of Chemicals and Fertilizers, Government of India, provides valuable insights into India’s role in the global pharmaceutical industry. He emphasizes government initiatives aimed at enhancing research and innovation, as well as the promotion of domestic development of medical devices. Below are the key highlights from his interview.
Q: What factors contribute to India’s prominent position within the global pharmaceutical sector?
A: India has firmly established itself as a leader in the pharmaceutical sector, earning the well-deserved title of the “pharmacy of the world.” Supplying over 20% of generic medicines to more than 150 countries, India plays a significant role in global healthcare provision. Moreover, in the critical vaccines segment, India supplies 60% of the world’s vaccines, contributing substantially to global immunization efforts.
Notably, India boasts the largest number of US FDA-certified plants outside of the United States, as well as the highest number of WHO GMP-certified plants worldwide. This underscores India’s commitment to maintaining international quality standards in pharmaceutical production.
The industry reached a significant milestone recently, with 50% of its production being exported last year alone. This highlights the industry’s transition into an export-oriented sector. Consequently, the Indian pharmaceutical industry is now officially recognized as an export-oriented industry, further solidifying its global presence and significance.
Q: What specific initiatives has the government implemented to foster research and innovation?
A: We’ve introduced a groundbreaking initiative to drive research and innovation forward. Known as the Pharmaceutical Research and Innovation Program (PRIP) scheme, it offers incentives to the industry for advancing research, ideation, proof of concept, clinical trials, and commercialization of cutting-edge technologies. This scheme, valued at Rs. 5,000 crore over a 10-year period, provides a substantial opportunity for the industry to delve into groundbreaking pharmaceutical product development and cell therapy.
But the innovation doesn’t stop there. National Institute of Pharmaceutical Education & Research (NIPER), renowned for its academic prowess, produces highly skilled MTechs and MPharms who form the backbone of our industry. Collaborating with major pharmaceutical companies, these institutions have pioneered a new approach.
Termed a “dolphin tank” rather than a “shark tank” to emphasize collaboration over competition, this initiative fosters a supportive environment where startups, including recent graduates from NIPERs and young technocrats, can pitch their innovative ideas. NIPER Ahmedabad, in partnership with Pfizer, is spearheading this effort, providing support throughout the product development cycle for groundbreaking technologies.
Many of these technologies target specific disease incidences prevalent in our country. Unlike industries where market forces naturally drive innovation, healthcare, pharmaceuticals, and medical devices often lack viable business models for every innovation. In such cases, the government must step in, fostering networks and partnerships to bridge critical gaps in the industry.
Q: What strategies and initiatives is the government implementing to encourage the domestic production of medical devices, considering the significant reliance on imports in this sector?
A: Traditionally, we’ve heavily relied on importing Meditech equipment, which constitutes a significant portion of our medical device supplies, accounting for about 75% in our latest assessment. Halting these imports isn’t feasible nor advisable due to their crucial role in healthcare provision.
We aim to ensure our citizens receive top-notch healthcare, drawing from the best available resources globally. However, it’s imperative that we also nurture our domestic medical device industry, akin to our successful efforts in the pharmaceutical sector.
Just three years ago, this industry stood at $10-11 billion, but projections suggest it will surge to $30-40 billion by 2030, marking a remarkable 15% Compound Annual Growth Rate (CAGR). Clearly, this sector is burgeoning and holds immense potential, often regarded as the sunrise industry.
To capitalize on this growth trajectory, we’ve initiated various schemes like the PLI (Production Linked Incentive) scheme and the establishment of medical device parks. The momentum is evident as numerous greenfield medical device projects were recently launched across the country, encompassing a wide array of products such as CT scans, MRIs, cath labs, and more.
This initiative signals the beginning of a transformative journey towards self-reliance in medical device manufacturing, fostering innovation, and bolstering the ‘Make in India’ campaign while simultaneously catering to global demand.
While some specialized equipment like proton therapy machines may still necessitate importation due to their complexity and limited production locations worldwide, we must focus on manufacturing essential medical devices locally, not just for our own needs but also to serve international markets.
Q: How do you envision the growth of the Pharmaceutical and Meditech industry?
A: Recently, we analyzed the most recent industry survey, which typically lags by two years. The latest data we received was for the fiscal year 2021-22. We were delighted to discover that despite our Pharma and Meditech industry comprising only 3.5% of the total manufacturing output in the country, it contributes 7.5% in terms of gross value added. This means our industry’s value addition is nearly twice that of other sectors. Moreover, with our consistent double-digit growth, outpacing other manufacturing sectors, we anticipate significant expansion. By 2030 and beyond, there’s a possibility this sector could reach a sizeable 10% contribution to manufacturing.
105 Comments
I would like to thnkx for the efforts you’ve put in writing this blog. I am hoping the same high-grade website post from you in the upcoming as well. In fact your creative writing skills has inspired me to get my own blog now. Actually the blogging is spreading its wings fast. Your write up is a great example of it.
Very interesting details you have observed, thanks for posting.
Woh I like your posts, saved to my bookmarks! .
I am usually to running a blog and i actually appreciate your content. The article has really peaks my interest. I’m going to bookmark your site and preserve checking for new information.
I love the efforts you have put in this, thankyou for all the great blog posts.
Hola! I’ve been reading your blog for some time now and finally got the bravery to go ahead and give you a shout out from Houston Texas! Just wanted to say keep up the excellent job!
Hiya! I just want to give an enormous thumbs up for the good data you might have here on this post. I might be coming back to your weblog for more soon.
Wow that was unusual. I just wrote an incredibly long comment but after I clicked submit my comment didn’t appear. Grrrr… well I’m not writing all that over again. Regardless, just wanted to say excellent blog!
Nice read, I just passed this onto a colleague who was doing a little research on that. And he actually bought me lunch since I found it for him smile Therefore let me rephrase that: Thank you for lunch!
Outstanding post, you have pointed out some great details , I likewise conceive this s a very superb website.
I believe you have noted some very interesting points, appreciate it for the post.
I loved up to you will obtain carried out proper here. The cartoon is attractive, your authored subject matter stylish. nonetheless, you command get got an edginess over that you want be handing over the following. unwell undoubtedly come further before again since exactly the similar nearly a lot often within case you shield this increase.
Hiya, I’m really glad I’ve found this information. Today bloggers publish only about gossips and web and this is really annoying. A good website with exciting content, that is what I need. Thank you for keeping this site, I’ll be visiting it. Do you do newsletters? Can’t find it.
Hello! This is my first visit to your blog! We are a team of volunteers and starting a new initiative in a community in the same niche. Your blog provided us useful information to work on. You have done a outstanding job!
It’s really a cool and helpful piece of information. I’m satisfied that you just shared this useful information with us. Please stay us up to date like this. Thanks for sharing.
I really like your writing style, wonderful info , regards for posting : D.
Great write-up, I’m normal visitor of one’s web site, maintain up the excellent operate, and It is going to be a regular visitor for a long time.
Hello. excellent job. I did not imagine this. This is a excellent story. Thanks!
It’s really a great and helpful piece of info. I’m glad that you shared this useful info with us. Please keep us up to date like this. Thanks for sharing.
Your place is valueble for me. Thanks!…
You can definitely see your enthusiasm in the paintings you write. The arena hopes for even more passionate writers like you who are not afraid to mention how they believe. Always go after your heart. “Experience is a good school, but the fees are high.” by Heinrich Heine.
I must voice my love for your kind-heartedness giving support to men who absolutely need help on your question. Your very own commitment to passing the message up and down became extremely informative and have consistently empowered somebody like me to realize their pursuits. Your useful facts can mean a great deal a person like me and additionally to my peers. Thank you; from everyone of us.
It is really a nice and helpful piece of info. I am happy that you shared this useful information with us. Please stay us informed like this. Thanks for sharing.
I genuinely prize your piece of work, Great post.
Howdy would you mind letting me know which web host you’re working with? I’ve loaded your blog in 3 completely different internet browsers and I must say this blog loads a lot faster then most. Can you recommend a good hosting provider at a reasonable price? Thank you, I appreciate it!
I am always searching online for tips that can facilitate me. Thank you!
very nice publish, i actually love this website, keep on it
I’ve been absent for a while, but now I remember why I used to love this web site. Thanks , I¦ll try and check back more frequently. How frequently you update your web site?
Great blog here! Also your site loads up very fast! What web host are you using? Can I get your affiliate link to your host? I wish my web site loaded up as fast as yours lol
I think other website proprietors should take this web site as an model, very clean and good user pleasant style.
Thanks for the sensible critique. Me and my neighbor were just preparing to do some research on this. We got a grab a book from our area library but I think I learned more from this post. I am very glad to see such fantastic info being shared freely out there.
Hi, I think your site might be having browser compatibility issues. When I look at your website in Safari, it looks fine but when opening in Internet Explorer, it has some overlapping. I just wanted to give you a quick heads up! Other then that, fantastic blog!
Hello, you used to write wonderful, but the last several posts have been kinda boringK I miss your great writings. Past few posts are just a bit out of track! come on!
Well I sincerely liked studying it. This subject procured by you is very useful for proper planning.
Great post, I believe people should larn a lot from this web site its rattling user genial.
Hello.This post was extremely remarkable, particularly because I was browsing for thoughts on this issue last Friday.
I cling on to listening to the reports lecture about receiving free online grant applications so I have been looking around for the most excellent site to get one. Could you tell me please, where could i acquire some?
I’m so happy to read this. This is the kind of manual that needs to be given and not the random misinformation that is at the other blogs. Appreciate your sharing this best doc.
I’m impressed, I have to say. Actually not often do I encounter a weblog that’s both educative and entertaining, and let me tell you, you may have hit the nail on the head. Your concept is outstanding; the problem is something that not sufficient individuals are talking intelligently about. I am very pleased that I stumbled across this in my seek for something regarding this.
Pretty part of content. I just stumbled upon your website and in accession capital to assert that I get actually loved account your weblog posts. Any way I’ll be subscribing for your feeds or even I fulfillment you get admission to consistently rapidly.
As soon as I observed this internet site I went on reddit to share some of the love with them.
I used to be very happy to seek out this net-site.I needed to thanks on your time for this glorious learn!! I positively having fun with every little little bit of it and I’ve you bookmarked to check out new stuff you weblog post.
Thanks for helping out, superb information.
I got what you mean , thanks for posting.Woh I am lucky to find this website through google.
Hello.This post was really fascinating, especially since I was looking for thoughts on this subject last Thursday.
I carry on listening to the reports speak about receiving boundless online grant applications so I have been looking around for the top site to get one. Could you advise me please, where could i get some?
I relish, cause I discovered just what I used to be having a look for. You have ended my 4 day long hunt! God Bless you man. Have a great day. Bye
Hello my loved one! I want to say that this article is amazing, nice written and include approximately all important infos. I?¦d like to look more posts like this .
I keep listening to the newscast speak about receiving boundless online grant applications so I have been looking around for the most excellent site to get one. Could you advise me please, where could i acquire some?
Hello there! This is my 1st comment here so I just wanted to give a quick shout out and say I genuinely enjoy reading through your blog posts. Can you recommend any other blogs/websites/forums that deal with the same subjects? Thanks a lot!
I really like your writing style, wonderful information, appreciate it for posting : D.
Hi there, I discovered your blog via Google even as searching for a comparable subject, your web site came up, it seems great. I’ve bookmarked it in my google bookmarks.
Hey there! I’ve been reading your site for a long time now and finally got the bravery to go ahead and give you a shout out from Atascocita Tx! Just wanted to tell you keep up the great job!
Great goods from you, man. I have understand your stuff previous to and you’re just too excellent. I actually like what you have acquired here, really like what you are saying and the way in which you say it. You make it enjoyable and you still care for to keep it sensible. I can’t wait to read far more from you. This is actually a great website.
Hi my friend! I wish to say that this article is awesome, nice written and include approximately all vital infos. I would like to see more posts like this.
Sweet site, super design, rattling clean and utilise genial.
Hi, just required you to know I he added your site to my Google bookmarks due to your layout. But seriously, I believe your internet site has 1 in the freshest theme I??ve came across. It extremely helps make reading your blog significantly easier.
Hello my loved one! I want to say that this post is awesome, nice written and include almost all vital infos. I’d like to look extra posts like this.
I intended to send you this little bit of observation in order to give thanks as before for the awesome tricks you’ve shown at this time. This has been so incredibly open-handed of people like you to deliver freely all that a number of us could possibly have distributed for an ebook to make some cash for themselves, mostly given that you could possibly have tried it if you wanted. The points likewise worked to become a fantastic way to comprehend other individuals have the identical zeal the same as my very own to realize whole lot more related to this condition. I’m sure there are lots of more pleasurable instances ahead for individuals who read your blog.
I truly appreciate this post. I¦ve been looking everywhere for this! Thank goodness I found it on Bing. You have made my day! Thx again
Heya i’m for the first time here. I found this board and I in finding It really helpful & it helped me out much. I hope to offer one thing again and help others like you aided me.
A formidable share, I just given this onto a colleague who was doing somewhat analysis on this. And he in actual fact purchased me breakfast as a result of I discovered it for him.. smile. So let me reword that: Thnx for the deal with! However yeah Thnkx for spending the time to debate this, I really feel strongly about it and love studying more on this topic. If doable, as you change into expertise, would you thoughts updating your weblog with more particulars? It is extremely helpful for me. Huge thumb up for this weblog publish!
As I web site possessor I believe the content material here is rattling fantastic , appreciate it for your efforts. You should keep it up forever! Best of luck.
I am not sure where you’re getting your information, but great topic. I needs to spend some time learning more or understanding more. Thanks for great info I was looking for this info for my mission.
I really appreciate this post. I have been looking everywhere for this! Thank goodness I found it on Bing. You have made my day! Thx again
I have learn a few good stuff here. Certainly worth bookmarking for revisiting. I wonder how so much effort you put to create any such magnificent informative site.
I’m really enjoying the design and layout of your blog. It’s a very easy on the eyes which makes it much more pleasant for me to come here and visit more often. Did you hire out a developer to create your theme? Great work!
I will right away grab your rss feed as I can’t find your e-mail subscription link or newsletter service. Do you’ve any? Please allow me realize in order that I may just subscribe. Thanks.
I think other web site proprietors should take this site as an model, very clean and magnificent user friendly style and design, as well as the content. You are an expert in this topic!
Hi there, You have done a fantastic job. I’ll definitely digg it and personally recommend to my friends. I am confident they’ll be benefited from this web site.
Good write-up, I am regular visitor of one’s web site, maintain up the excellent operate, and It’s going to be a regular visitor for a lengthy time.
Good day very nice blog!! Guy .. Excellent .. Superb .. I will bookmark your website and take the feeds additionallyKI’m happy to seek out so many helpful information here in the put up, we need develop more techniques in this regard, thanks for sharing. . . . . .
Real clean internet site, thanks for this post.
Your house is valueble for me. Thanks!…
he blog was how do i say it… relevant, finally something that helped me. Thanks
I have been examinating out some of your stories and i must say pretty nice stuff. I will surely bookmark your site.
I was very pleased to find this web-site.I wanted to thanks for your time for this wonderful read!! I definitely enjoying every little bit of it and I have you bookmarked to check out new stuff you blog post.
Hello my family member! I wish to say that this article is amazing, nice written and include approximately all vital infos. I¦d like to see extra posts like this .
I like the valuable information you supply for your articles. I will bookmark your weblog and take a look at once more here regularly. I’m reasonably sure I will be informed plenty of new stuff proper here! Good luck for the next!
Hi, I think your site might be having browser compatibility issues. When I look at your website in Safari, it looks fine but when opening in Internet Explorer, it has some overlapping. I just wanted to give you a quick heads up! Other then that, fantastic blog!
Its like you read my thoughts! You appear to understand so much about this, like you wrote the guide in it or something. I feel that you just can do with a few p.c. to force the message home a bit, however other than that, that is magnificent blog. A fantastic read. I will definitely be back.
you could have an excellent blog right here! would you like to make some invite posts on my blog?
I’m usually to running a blog and i really respect your content. The article has really peaks my interest. I am going to bookmark your site and hold checking for brand spanking new information.
Hello. remarkable job. I did not expect this. This is a splendid story. Thanks!
Just what I was looking for, thanks for posting.
Saved as a favorite, I really like your blog!
Thanks, I have just been looking for information about this topic for a long time and yours is the best I have discovered so far. But, what concerning the bottom line? Are you certain concerning the source?
I would like to thnkx for the efforts you have put in writing this site. I am hoping the same high-grade website post from you in the upcoming also. In fact your creative writing abilities has inspired me to get my own website now. Actually the blogging is spreading its wings rapidly. Your write up is a good example of it.
What¦s Going down i’m new to this, I stumbled upon this I have discovered It absolutely helpful and it has aided me out loads. I hope to give a contribution & help different customers like its helped me. Great job.
I’m so happy to read this. This is the type of manual that needs to be given and not the random misinformation that’s at the other blogs. Appreciate your sharing this best doc.
I and my buddies have been analyzing the nice guides from the website and then suddenly came up with a horrible suspicion I never thanked you for them. All the guys were consequently thrilled to read through them and have now in fact been taking advantage of these things. Many thanks for truly being indeed thoughtful as well as for having these kinds of incredibly good topics most people are really wanting to know about. My sincere apologies for not expressing gratitude to you sooner.
Sweet blog! I found it while browsing on Yahoo News. Do you have any tips on how to get listed in Yahoo News? I’ve been trying for a while but I never seem to get there! Thank you
I am not real superb with English but I find this really leisurely to interpret.
I truly appreciate this post. I’ve been looking all over for this! Thank goodness I found it on Bing. You have made my day! Thx again
Hey very nice web site!! Guy .. Excellent .. Superb .. I will bookmark your site and take the feeds also…I am happy to find so many useful information right here within the submit, we need work out more techniques in this regard, thanks for sharing.
I think other web-site proprietors should take this web site as an model, very clean and excellent user friendly style and design, as well as the content. You’re an expert in this topic!
Hey there! Someone in my Myspace group shared this site with us so I came to give it a look. I’m definitely enjoying the information. I’m bookmarking and will be tweeting this to my followers! Exceptional blog and outstanding style and design.
I’m very happy to read this. This is the type of manual that needs to be given and not the random misinformation that is at the other blogs. Appreciate your sharing this best doc.
A person essentially help to make severely posts I’d state. That is the first time I frequented your website page and up to now? I amazed with the research you made to make this particular post amazing. Wonderful process!
Outstanding post, you have pointed out some great details , I too think this s a very superb website.
Hello. impressive job. I did not anticipate this. This is a remarkable story. Thanks!
Very interesting info!Perfect just what I was searching for!
I think this is one of the most significant information for me. And i am glad reading your article. But want to remark on some general things, The website style is wonderful, the articles is really excellent : D. Good job, cheers
Some times its a pain in the ass to read what website owners wrote but this website is very user pleasant! .
“Your style is unique compared to other folks I have read stuff from. Thank you for posting when you’ve got the opportunity, Guess I will just book mark this site.”