Synopsis
Mansukh Mandaviya said that the 2017 border standoff with China at Doklam triggered India to rethink its self-reliant strategy regarding active pharma components as it was dependent on just one country for the import of 95 per cent of APIs for the formulation industry.
India has started manufacturing 38 active pharmaceutical ingredients, or APIs, in the last one and a half years on which it was import-dependent, under the production-linked incentive (PLI) scheme for the sector, Union Health Minister Mansukh Mandaviya said here Saturday.
Mandaviya said that the 2017 border standoff with China at Doklam triggered India to rethink its self-reliant strategy regarding active pharma components as it was dependent on just one country for the import of 95 per cent of APIs for the formulation industry.
The health minister was speaking at the inaugural event of the Healthcare Summit organised at the Indian Institute of Management Ahmedabad (IIMA).
"Through the PLI scheme, we tried to ensure that the country does not have to import 54 APIs from abroad and our formulation industry gets APIs domestically. I am happy to share that in just a year and a half, India has started manufacturing 38 APIs, which is an example of Atmanirbhar Bharat," he said.
The government has announced a Rs 15,000-crore PLI scheme for the pharmaceutical sector, he said.
Artificial Intelligence(AI)
Java Programming with ChatGPT: Learn using Generative AI
By - Metla Sudha Sekhar, Developer and Lead Instructor
Artificial Intelligence(AI)
Basics of Generative AI : Unveiling Tomorrow's Innovations
By - Metla Sudha Sekhar, Developer and Lead Instructor
Artificial Intelligence(AI)
Generative AI for Dynamic Java Web Applications with ChatGPT
By - Metla Sudha Sekhar, Developer and Lead Instructor
Artificial Intelligence(AI)
Mastering C++ Fundamentals with Generative AI: A Hands-On
By - Metla Sudha Sekhar, Developer and Lead Instructor
Artificial Intelligence(AI)
Master in Python Language Quickly Using the ChatGPT Open AI
By - Metla Sudha Sekhar, Developer and Lead Instructor
- See AlsoThe 2022 API Security Trends ReportTypes of APIs | Different APIs Explained With Concrete Examples for 2024
Office Productivity
Zero to Hero in Microsoft Excel: Complete Excel guide 2024
By - Metla Sudha Sekhar, Developer and Lead Instructor
Astrology
Vastu Shastra Course
By - Sachenkumar Rai, Vastu Shashtri
Data Science
SQL for Data Science along with Data Analytics and Data Visualization
By - Metla Sudha Sekhar, Developer and Lead Instructor
Web Development
A Comprehensive ASP.NET Core MVC 6 Project Guide for 2024
By - Metla Sudha Sekhar, Developer and Lead Instructor
Office Productivity
Mastering Microsoft Office: Word, Excel, PowerPoint, and 365
By - Metla Sudha Sekhar, Developer and Lead Instructor
Marketing
Digital marketing - Wordpress Website Development
By - Shraddha Somani, Digital Marketing Trainer, Consultant, Strategiest and Subject Matter expert
Web Development
Mastering Full Stack Development: From Frontend to Backend Excellence
By - Metla Sudha Sekhar, Developer and Lead Instructor
Finance
Financial Literacy - TDS, Budget, Income Tax Act, GST, Indirect tax
By - CA Rahul Gupta, CA with 10+ years of domain experience, trainer
Leadership
Business Storytelling Masterclass
By - Ameen Haque, Founder of Storywallahs
Future of Marketing & Branding Masterclass
By - Dr. David Aaker, Professor at Haas School of Business
HR & People Management
Human Potential and the Future of Employment
By - Lynda Gratton, Co-chair of the World Economic Forum Council on Work, Wages and Job Creation, Professor of Management Practice
Strategy
ESG and Business Sustainability Strategy
By - Vipul Arora, Partner, ESG & Climate Solutions at Sattva Consulting Author I Speaker I Thought Leader
Finance
Financial Reporting and Analytics
By - Dr. C.P. Gupta, Professor: Department of Finance and Business Economics, University of Delhi
Marketing
Performance Marketing for eCommerce Brands
By - Zafer Mukeri, Founder- Inara Marketers
The first priority for this government to make healthcare accessible and affordable in rural areas was to address the requirement of doctors, he said.
"In the last nine years, the number of MBBS seats has increased from 52,000 to 1,07,000. This year, we have given approval to 54 new medical colleges," Mandaviya said.
The Minister of Health and Family Welfare and Chemicals and Fertilizers said COVID-19 pandemic inspired them for rethinking, replanning and redevelopment in the healthcare sector.
"There was never a shortage of brainpower and manpower in India. The thing is to understand the dreams in the eyes of the youth and open pathways and identify opportunities to make them fulfil," he said.
The minister said research and innovation (R&D) is the biggest requirement for the country.
"Lack of innovation and research negatively impacts Atmanirbharta (self-reliance). If we do not have our own research, we cannot fulfil our requirements on time and will be forced to purchase items at a higher price," he said, adding that his government has taken steps to encourage private domestic pharma companies to increase spending on R&D.
IIMA chairman Pankaj Patel and director Bharat Bhasker were also present at the event organised by the premier institute's Centre of Management of Health Services (CMHS) and IIMA Healthcare Alumni Special Interest Group (SIG).
The summit featured two tracks, each focused on a crucial aspect of healthcare innovation, with panel discussions and competition for healthcare start-ups.
(You can now subscribe to our Economic Times WhatsApp channel)
Read More News on
India API manufacturingindiamandaviyambbsiima healthcare alumni special interest groupactive pharmaceutical ingredientsAPIMansukh Mandaviya
(Catch all the Business News, Breaking News, Budget 2024 Events and Latest News Updates on The Economic Times.)
Subscribe to The Economic Times Prime and read the ET ePaper online.
...moreless
(You can now subscribe to our Economic Times WhatsApp channel)
Read More News on
India API manufacturingindiamandaviyambbsiima healthcare alumni special interest groupactive pharmaceutical ingredientsAPIMansukh Mandaviya
(Catch all the Business News, Breaking News, Budget 2024 Events and Latest News Updates on The Economic Times.)
Subscribe to The Economic Times Prime and read the ET ePaper online.
...moreless