Navigation Links
Pharma cos must forge Strategic alliances

Indian pharmaceutical majors should go in for strategic alliances among themselves to capture export markets increasingly by leveraging cost advantages and precluding cut-throat competition which would be detrimental to the industry.

This was stated by the Commerce Secretary, Mr. Prabir Sengupta, at the opening the Regional Office of the Basic Chemicals, Pharmaceuticals and Cosmetics Export Promotion Council here on Friday.

Mr. Sengupta said such alliance should foster better understanding and consolidation among Indian companies to equip them well to face the increasing global competition.

He assured all help and guidance by the Government in making Indian companies move ahead in the export markets. He cited the case of Japan and Korea, where strategic alliances among companies had helped to increase exports.

Mr. Sengupta urged the industry to evolve a package of products which would attract customers better in the major export markets such as the US, Hong Kong and Latin American.

The industry should also focus on the manufacture of affordable medicines, he said, while clarifying that one of the major plus points of Indian medicines was their affordability.

The country's traditional capability coupled with the modern facilities were making Indian medicines cheaper. Lauding the export performance of the chemical industry, he said it could even exceed the target of 28 per cent for the current fiscal.

He said 14 per cent of the total export earnings of the country is from drugs and pharmaceuticals which amounts to $3.5 billion.

The council Chairman, Mr. Kishore Chokhani, in his welcome address said the organisation, which came into existance in 1963, had established itself as one of the biggest councils with a membership of 7,500 across the country.

The members are broadly divided into five panels; durgs and pharmaceuticals, dyes and dyes intermediates; inorganic and organic chemicals , cosmetics and toiletries and agarbattis.

He said that the Indian pharma industry was one of the dynamic industries as its products was comparable with global products in terms of safety, efficacy and quality with 400 different drugs and 2,000 formulation.

Mr. Chokani hoped that the new branch in Delhi would act as an effective interface between the Government and the exporting community and help take chemical exports on a higher growth gear in the coming years.

Courtesy : The Hindu Business Line, 16-06-2001
'"/>




Related medicine news :

1. Pharmaceutical giant offers AIDS related antifungal drug free to 50 countries
2. Pharmaceutical giant offers AIDS related antifungal drug free to 50 countries
3. Medicis Pharmaceutical company enters pediatric market
4. Pharma majors gear to supply anti-anthrax drug
5. Pharmacies in for a dose of bitter medicine
6. Andhra Pradesh to set up Pharma City
7. Sun Pharma to launch chiral version of omeprazole soon
8. AAI Pharma Files Lawsuit Against Dr. Reddys Laboratories
9. Pharmacia may take 51.5 percent Abbott stake
10. Pharmaceutical companies are targeting patients
11. FDA approves Watson Pharmaceuticals Oxytrol patch
Post Your Comments:
*Name:
*Comment:
*Email:


(Date:10/13/2017)... ... ... The American Board of Family Medicine's (ABFM) Board of Directors has selected Warren ... James C. Puffer upon his retirement. Dr. Newton will serve in the position of ... end of 2018. Upon assuming the role of President and CEO on January 1, ...
(Date:10/13/2017)... , ... October 13, 2017 , ... Lori R. Somekh, ... member of ElderCounsel, a national organization of elder law and special needs planning attorneys. ... and rules. It also provides a forum to network with elder law attorneys nationwide,” ...
(Date:10/13/2017)... ... October 13, 2017 , ... Ellevate Network, the leading network ... advocate for action towards gender equality at their inaugural Summit in New York City ... and reached a social audience of over 3 million. To watch the Mobilize Women ...
(Date:10/13/2017)... , ... October 13, 2017 , ... ... and Agile Software Development, has been awarded a contract by the Center for ... Agreement (BPA) aims to accelerate the enterprise use of Agile methodologies in a ...
(Date:10/12/2017)... ... 12, 2017 , ... CitiDent and San Francisco dentists, Dr. ... Oventus O2Vent technology. As many as 18 million Americans are estimated to suffer ... Oral appliances can offer significant relief to about 75 percent of people with ...
Breaking Medicine News(10 mins):
(Date:10/12/2017)... -- West Pharmaceutical Services, Inc. (NYSE: WST), ... administration, today announced that it will release third-quarter 2017 ... 26, 2017, and will follow with a conference call ... a.m. Eastern Time. To participate on the call, please ... is 94093362. A ...
(Date:10/11/2017)... Holdings, Inc. ("Hill-Rom") (NYSE: HRC), today provided an update ... Puerto Rico , where the company manufactures ... Following a comprehensive onsite assessment, the ... temporary loss of power and minimal water damage due ... have resumed, and the company expects to return to ...
(Date:10/5/2017)... 2017  In response to the nationwide opioid ... Surgeons (AAOMS) released prescribing recommendations that urge ibuprofen ... as a first-line therapy to manage a patient,s ... Recognizing the value and importance of ... Prescribing: Acute and Postoperative Pain Management" stresses that ...
Breaking Medicine Technology: