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National News

Jul 27, 2020

Govt launched four schemes for setting up of Bulk Drugs & Medical Devices Parks

Chemicals and Fertilizers Minister Sadananda Gowda today launched four schemes of Department of Pharmaceuticals for promotion of domestic manufacturing of bulk drugs and medical devices parks in the country.
Speaking on the occasion, Mr Gowda said that this in line with the vision of Prime Minister Narendra Modi, and his clarion call for making India Atmanirbhar in pharma sector.
For this, the government has approved four schemes, two each for Bulk Drugs and Medical Devices parks.
This opens the door for critical API production and manufacturing of high end medical devices.
The Minister exhorted the industry and the states to come forward and participate in these schemes.
He said, India is often referred to as ‘the Pharmacy of the World’ and this has been proved true especially in the ongoing COVID-19 pandemic when India continued to export critical life saving medicines to needy countries.
However, he said, it is a matter of concern that the country is critically dependent on imports for basic raw materials that are used to produce some of the essential medicines.

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