Task Force report on enabling the Private Sector to grow pharmaceutical sector released

Jun 23, 2015 17:32 IST

The Union Minister of Chemicals and Fertilizers Ananth Kumar on 22 June 2015 released the Task Force report on enabling the Private Sector to lead the growth of pharmaceutical sector.

The Task Force gave recommendations towards concerns and constraints facing the sector and suggested measures that would augment domestic production.

The Pharmaceutical Sector is suffering due to multiple decision making authorities. The Task Force recommended a Joint Committee which can take care of their problems.

Moreover, Task Force recommended measures to enhance regulatory support; suggested strengthening of infrastructural support; and recommended fiscal and financial support to the sector.

In addition, the Task Force has also recommended measures for promoting skill development aligned to the need of the industry, strengthening the Research and Development capability of the sector, pricing strategy for the sector.

Background

In order to provide thrust to the Pharmaceutical sector, a Task Force on Enabling the Private Sector to lead the growth of Pharmaceutical Sector was set up by the Department of Pharmaceuticals. The Task Force was headed by Secretary, Department of Pharmaceuticals.

It consisted of representatives from Planning Commission, Department of Industrial Policy and Promotion, Department of Science and Technology, Department of Biotechnology and various Industry Associations including CIIO, FICCI, ASSOCHAM, FOPE etc.

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