India is unlikely to budge from its opposition to the provisions on regulatory data protection and patent extension in free trade talks with the EU and the UK, it has told its negotiating partners, in a move aimed at protecting its generic drug industry and healthcare schemes.
New Delhi’s stand has been “firmly communicated", said a person aware of the development, pointing out that domestic healthcare schemes such as the Pradhan Mantri Bhartiya Janaushadhi Pariyojana are heavily dependent on affordable generic drugs.
India is the world’s largest provider of generic drugs, accounting for a fifth of global supply. The low cost of generics mean they comprise about 70-80% of the domestic retail market. They are also crucial to the well-being of the aging Indian population.
Bu hikaye Mint Mumbai dergisinin June 22, 2023 sayısından alınmıştır.
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Bu hikaye Mint Mumbai dergisinin June 22, 2023 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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