Rs 4 lakh Crore Indian Pharma Industry Set For A Revamp: Govt Orders New Manufacturing Rules After Tragic Deaths


Rohit Kulkarni

Rohit Kulkarni

Jan 10, 2024


As per the new government notification released on Saturday, new manufacturing standards must be met by the Indian pharmaceutical companies this year. Citing the debt load, small companies have asked for a delay.

Rs 4 lakh Crore Indian Pharma Industry Set For A Revamp: Govt Orders New Manufacturing Rules After Tragic Deaths

Action to Redress Overseas Deaths Linked to Indian-made Drugs

There has been a string of overseas deaths linked to Indian-made drugs since 2022 and in order to combat the same the Modi government has stepped in the scrutinize the Indian pharma companies in order to clean the blemish on the image of the $50 billion industry. 

As per the notification dated 28th Dec, 2023 “The manufacturer must assume responsibility for the quality of the pharmaceutical products to ensure that they are fit for their intended use, comply with the requirements of the licence and do not place patients at risk due to inadequate safety, quality or efficacy”.

It says that only after getting the “satisfactory results” on tests of the ingredients and retain a sufficient quantity of the samples of intermediate and final products to allow repeated testing or verification of a batch should any company consider making and marketing it as a finished product.

Challenges faced by Indian Pharma Industry

In August last year, the health ministry revealed that post the inspections of 162 drug factories since December 2022, they found an “absence of testing of incoming raw materials”. 

Also, they revealed that only approx 25% of India’s 8,500 small drug factories met international drug manufacturing standards set by the World Health Organization (WHO).

For the same, the notification has given a period of 6 months to large pharma drug makers and 12 months to small players.

However, citing reasons like debt load, the small companies have requested for the extension in the deadline, warning that investments required to meet the standards would shut down nearly half of them because they are already heavily indebted.

The WHO and other health authorities have linked Indian cough syrups to the deaths of at least 141 children in Gambia, Uzbekistan and Cameroon.


Rohit Kulkarni
Rohit Kulkarni
  • 1141 Posts

Subscribe Now!

Get latest news and views related to startups, tech and business

You Might Also Like

Business
Dec. 8, 2022

Beat The Burden Of Medical Inflation With A Health Insurance

As disease rates rise and medical technology develops, treatment costs climb. It’s essential to understand that medical costs are not exclusively associated with hospitals. The cost of prescription drugs, diagnostic procedures, ambulance and operating room fees, consultations with doctors, and other costs are also constantly increasing. All of them could put a big strain on […]

Business
Dec. 8, 2022

3 Biggest Changes Of iOS 16.2 Update That Every iPhone User Should Know!

In its latest update Apple said that it is preparing for the iOS 16.2 update for iPhones across the world. Notably, like the previous release, there are a couple of changes coming for the iPhones.  iOS 16.2 Update Release Date So far, Apple has not announced a release date for iOS 16.2 update. Reportedly, the […]

Business
Dec. 8, 2022

300 Microsoft Employees Create Employee Union, First Time Ever: This Is How Microsoft Reacted

Around 300 workers at Microsoft Corp.’s ZeniMax Studios have commenced the process of forming a union which is said to be the first at the software giant in the US.  Here, Microsoft Corp.’s ZeniMax Studios known for popular video games including Skyrim and Fallout. Forming Union In Microsoft Corp Moreover, the quality assurance employees at […]

Business
Dec. 7, 2022

India Beats China In Air Travel Safety: Ranking Jumps From 102 To 48 In Global Aviation Safety

India’s air safety protocols and executions have improved drastically over the years, as validated by the findings of a specialized agency of the United Nations, the International Civil Aviation Organization or ICAO. The UN watchdog has upgraded India’s ranking in terms of aviation safety to the 48th position, jumping past the rankings of countries like […]

Recent Posts

Related Videos

   

Subscribe Now!

Get latest news and views related to startups, tech and business

who's online