India to join global scheme to improve quality of drugs
Mint Mumbai|June 05, 2023
Scheme will help MSMEs to adopt global manufacturing standards and give market access
Ravi Dutta Mishra 
India to join global scheme to improve quality of drugs

India is set to join an international regime that fosters cooperation between countries and regulatory authorities in good manufacturing practices (GMP) in order to improve the quality of their medical products, a government official aware of the development said.

The move to join the Pharmaceutical Inspection Convention and Pharmaceutical Inspection Co-operation Scheme (PIC/S) was triggered by the deaths of 66 children in Gambia that were linked to toxic Indian-made cough syrups. A second factor was market access problems faced by Indian medical products in quality-conscious UAE and Gulf Cooperation Council.

"We will have to prepare the Indian industry, especially micro, small and medium enterprise, for PIC/S that would entail adopting global standards by adopting good manufacturing practices.

The decision will not only help avert Gambia-like tragedies, but also help gain market access in advanced markets," the official quoted above stated.

Denne historien er fra June 05, 2023-utgaven av Mint Mumbai.

Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.

Denne historien er fra June 05, 2023-utgaven av Mint Mumbai.

Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.

FLERE HISTORIER FRA MINT MUMBAISe alt
Green steel may get a push with output, purchase mandates
Mint Mumbai

Green steel may get a push with output, purchase mandates

The Centre is working on green steel mandates for the local steel industry, supported by government procurement and financial incentives, as the world's second-largest maker of the alloy seeks to prepare the sector for the future.

time-read
2 mins  |
November 18, 2024
RBI action on personal loans, KYC takes toll on off-roll work
Mint Mumbai

RBI action on personal loans, KYC takes toll on off-roll work

The Reserve Bank of India's (RBI) push for stricter compliance with know-your-customer (KYC) norms, and its crackdown on the surge in personal loans have had an unlikely fallout: a dip in demand for off-roll workers.

time-read
2 mins  |
November 18, 2024
Investors are betting on a market melt-up
Mint Mumbai

Investors are betting on a market melt-up

A roaring market rally since the U.S. presidential election has driven up the price of everything from shares of technology and manufacturing giants to cryptocurrencies.

time-read
4 mins  |
November 18, 2024
India in economic sweet spot, inflation to moderate: Moody's
Mint Mumbai

India in economic sweet spot, inflation to moderate: Moody's

India's economy is in a sweet spot and its inflation is expected to moderate despite a temporary spurt, Moody's said, projecting optimism about the country's growth prospects despite recent underwhelming data.

time-read
2 mins  |
November 16, 2024
Incentive engine to drive modern ships
Mint Mumbai

Incentive engine to drive modern ships

Subsidies for green, high-tech ships under ₹18,000 cr policy

time-read
2 mins  |
November 16, 2024
Cement firms wage war on costs as competition soars
Mint Mumbai

Cement firms wage war on costs as competition soars

India's cement makers who once flexed their pricing muscles are caught in a bruising price war, eroding margins at a time of rising demand.

time-read
3 mins  |
November 16, 2024
Saudi Arabia doesn’t have enough money for its futuristic city
Mint Mumbai

Saudi Arabia doesn’t have enough money for its futuristic city

The giant futuristic planned city of Neom is proving a headache for Saudi Arabia. Costs are up, schedules are delayed, and in recent days the world’s largest construction project replaced its chief executive of six years.

time-read
4 mins  |
November 16, 2024
EV adoption is a marathon, not a sprint: Audi India
Mint Mumbai

EV adoption is a marathon, not a sprint: Audi India

The slowdown in electric vehicle (EV) sales is temporary, and the industry will grow over time, Audi India head Balbir Singh Dhillon said, pointing to the need for extensive charging networks and supportive government policies.

time-read
2 mins  |
November 16, 2024
India's trade gap with China soars in Apr-Oct
Mint Mumbai

India's trade gap with China soars in Apr-Oct

The country's green transition increases reliance on Chinese imports

time-read
2 mins  |
November 16, 2024
14 nations eye India's generic drug model
Mint Mumbai

14 nations eye India's generic drug model

Countries will specify their requirements, with HLL and MEA coordinating with them for the pharma exports

time-read
1 min  |
November 16, 2024