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66th IPC calls for industry, academia & regulatory partnership for sustainable growth

Our Bureau, Hyderabad
Tuesday, January 27, 2015, 12:50 Hrs  [IST]

The three-day 66th Indian Pharmaceutical Congress (IPC), which  began with a bang in Hyderabad on January 23, called for a sustainable partnership between, Industry, Academia and Regulatory bodies in the country.

Inaugurating the event, Deputy Chief Minister of Telangana Dr. Rajaiah, along with Industries Minister of Telangana, Jupally Krishna Rao, extended full support from the government on all the fronts for the pharmaceutical industry. On the occasion, Dr. Rajaiah announced that the state government is contemplating a comprehensive plan to build integrated Pharmacity in Hyderabad for which he asked for the industry, regulators and the academia to give suggestions and ideas for making Telangana the research hub for the pharma sector in the country.

With 10000 delegates, gathered on one single platform at Hitex in Hyderabad, the 66th Indian Pharmaceutical Congress, hosted by AIDCOC (All India Drugs Control officers Confederation) witnessed 6000 pharmacy graduates along with 4000 delegates from Industry and regulatory bodies participating in the grand, national event.While talking during a panel discussion, Dr G.N.Singh, Drug Controller General of India, lauded that the Indian pharma industry has already been recognised as a Global Brand and aptly reflects the famous ‘make in India’ concept coined recently by Narendra Modi, Prime Minister of India.

“Today India supplies its affordable quality generics to more than 205 countries across the globe, and has become the pharmacy of the world, with almost 80 per cent of generics supplied to world comes from India. Despite many successes for the Indian Pharma sector, India still needs to overcome many challenges particularly strengthening its regulatory system and cultural changes in the Industry and academic streams. All this will be achieved only when Industry, Regulators and Academia work together and maintain a sustainable partnership to further strengthen the Pharma sector in the country,” observed Dr Singh.

Expressing his views on the occasion, Sudhanshu Pandey, Joint Secretary, Department of commerce, Government of India, opined that India has the capacity and capability to deliver cost effective and high quality medicines to the world. “Already the world has acknowledged India’s inherent strengths and we are here to give confidence, the only need is to become complacent and take advantage of the cost affordability and skilled labour.”

Venkat Jasti, president of IPCA, and chairman & chief executive officer, of Suven Life Sciences Limited, advocated that regulators and Industry must work together and share knowledge to strengthen the overall Pharma sector in the country. 

 

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