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'India largest generic medicine supplier in world'
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SME Times News Bureau | 27 Oct, 2021
Union Health Minister Mansukh Mandaviya on Wednesday said that India is
the world's largest generic and affordable medicine supplier.
"Pharma sector is our religion, we believe in the concept of 'Vasudhaiva Kutumbakam", said the Minister.
Addressing
an Investor Summit virtually on 'Opportunities and Partnerships in
Pharmaceuticals and Medical Devices', he said: "After the Covid
pandemic, the investment in India's pharma sector has significantly
increased. India's behaviour has always been pro industry."
"I
would like to tell investors that Prime Minister Narendra Modi ji said
to invest in India, set up an industry here. You are as safe in India.
The world's industry should take advantage of the efforts being made by
the Indian Government to make this country the best investment
destination," he added.
Talking about being pro-farmer and
industry-friendly, Mandaviya said: "We see to it that the industries go
ahead and sustain. Indian companies never cheat while making supplies.
Our character is to maintain quality."
The virtual summit was a
part of the vision to further strengthen India's position globally in
terms of pharmaceuticals and medical devices. The session was held to
discuss how India can develop as a land of opportunities for medical
devices and the key learnings from the leading innovators.
The
summit provided an opportunity for industry participants to discuss the
success stories from the Indian medical devices sector, end to end
integration for enhancing vaccine manufacturing capabilities, financing
start-ups in the pharmaceutical and medical devices sector.
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