Speaking at an event on pharmaceutical sector organised here in the run up to the 10th edition of the Vibrant Gujarat Global Summit, Mandaviya said the Centre's policy to make healthcare accessible to 10 crore families is also creating an opportunity for the pharmaceutical sector.
The central government is formulating a policy to encourage research in pharmaceutical sector for patented drugs, and is also trying to widen the reach of generic medicines, Union Health Minister Mansukh Mandaviya said here on Saturday.
He lamented that although India is making generic medicines available to the world on a large scale, people of the country are consuming branded medicines, which is increasing the cost of medical treatment.
Speaking at an event on pharmaceutical ..
“The government has eased the policy for research in the pharmaceutical sector, and the time taken for giving permission to a company to carry out research has been reduced. But the country should not limit itself to manufacturing generic medicines, it should also conduct research and sell patented drugs to the world market,” he said.
Mandaviya said the government is working on a policy to encourage research in pharmaceutical companies, which will also deal with how they can be supported financially.
This has helped in the research and production of COVID-19 vaccines within nine months, he said.
“The situation is changing. Our scientists had the capacity, but the system was such that they would get approval for research after two-three years (of seeking nod). But our government has instructed the authorities ..