India emerging as world-class cost-effective healthcare destination, global pharma leader: Jitin Prasada
Union Minister of State for Commerce & Industry Jitin Prasada has said India’s emergence as a premier, cost-effective healthcare destination and a global leader in pharmaceuticals. Prasada urged the pharma industry to increase exports and seize emerging opportunities for growth. He said that India is already recognized as the ‘pharmacy of the world’.
He stated ‘It’s extremely important that we focus not only on our strengths in the generic sector but also ensure our backward and forward linkages.’ He urged the industry to focus on innovation, and quality and work with the world market.
He said ‘International competitiveness will be very important. It is important to keep abreast of new developments and good manufacturing practices.’ He also noted that the Government has come up with many schemes like the PLI for APIs and for medical devices.
