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Wednesday, Dec 25, 2002

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Pharmexcil to function from early 2003

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MUMBAI, Dec. 24

THE Indian Drug Manufacturers' Association (IDMA) President, Mr N.H. Israni, has warned of tough days for Indian pharma industry post-2005.

The hurdles include problems on the intellectual property rights front, calls for technical harmonisation based on US standards, tightening of product registration procedures in every country and various non-tariff barriers on pharmaceuticals to prevent competition from cost-effective countries such as India.

Speaking at the IDMA annual meeting, he said these challenges would have to be faced with imagination and resourcefulness.

He said the Pharma Export Promotion Council (Pharmexcil) would soon be formed. The council is slated to play an active role in building up the country's image as a quality supplier of pharmaceutical materials and finished goods, ayurveda and homeopathic materials and finished products and biotech products.

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