Financial Daily from THE HINDU group of publications
Monday, Aug 16, 2004

Cross Currency

Group Sites

Industry & Economy - Alternative Medicines

Call to standardise, validate traditional medicines

Our Bureau

New Delhi , Aug. 15

APART from developing as a leading research and development base for the bio-pharma sector, India should also work towards standardising and validating the Indian traditional medicines and exploit its potential worldwide, Prof G. Padmanabhan, Emeritus Scientist, Indian Institute of Science, has said.

Speaking at an ongoing conference organised by the M.S. Swaminathan Research Foundation (MSSRF), the International Service for Acquisition of Agri-Biotech Application (ISAAA) and FICCI, he pointed out that "a vast majority of the traditional physicians as well preparations available are fake".

While a lot of work is being done in the area now, there is a need to publish them for peer-review, he noted. Vaccine manufacture is another area where India has core strength since the developed world does not find it an economically viable stream, added Prof Padmanabhan.

He also pointed out a the need to make available venture capital (VC) funding for start ups and suggested that government should dedicate at least Rs 200 crore for the purpose.

This was also echoed by the MSSRF Chairman, Mr M.S. Swaminathan, "We have recommended that the Government put in an additional Rs 1,200 crore per annum over the next three years towards setting up a biotech regulator from which Rs 200 crore will be towards VC funding."

Earlier during the day, Dr V. Prakash, Director of the Central Food Technological Research Institute (CFTRI), Mysore, called for setting up a national database on GM foods in the country in order to address food safety issues.

CFTRI is the only reference food analysis centre for detection of GM in processed foods.

More Stories on : Alternative Medicines | Standards & Benchmarks

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
PM sets tone for reforms — Focus to be on seven priority sectors

Expect some monetary measures soon
Bane of over-politicisation
FICCI frames agenda for development of Bengal
AP govt plans three-tier strategy for overall development
Petro price hike, boon to State revenues
New Chairman for IACC-AP
LPG racket alleged in Kerala
Drug MNCs' interest `could peter out'
NTPC studying entry into LNG supply business
Karnataka may allocate Rs 10,000 cr for power reforms
AP power utilities to focus on rural consumers
Syndicate Bank relaxes norms for education loan
Law soon to regulate clinical establishments
FICCI survey sees need for flexible labour laws
YSR launches health scheme for journalists
EPF rates — the number game
Post office is savers' best bet — Mop-up rises 32.45 pc in first quarter
IPR, patenting training for women scientists
Kudumbashree to be expanded in Kerala
Call to standardise, validate traditional medicines
Bengal mulls special zone for bearing units
Marina will be under Govt control: Minister
Karnataka Govt sets apart Rs 5.3 cr for Kodagu tourism promotion

The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright 2004, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line