Pharma industry must focus on generic, better link between input and output: Piyush Goyal
The minister said, "it's extremely important that we focus not only on our strengths in the generic sector but also ensure our backward and forward linkages.";
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Mumbai: Union Commerce and Industry Minister Piyush Goyal on Friday asked the domestic pharmaceutical industry to strengthen its generic medicine sector and ensure better linkage between input and output of products to become self-reliant. Speaking at an event hosted by the Indian Drug Manufacturers' Association to commemorate its Golden Jubilee celebrations here, Goyal also asked the industry to plan for a long-term to tackle challenged related to global supply chain.
"The phenomenal growth that we have seen in the last ten years should be carried forward to ensure that we become self-sufficient. Global supply chains are becoming more and more difficult to predict. The challenges are getting unimaginably serious," he said.
In this situation, the minister said, "it's extremely important that we focus not only on our strengths in the generic sector but also ensure our backward and forward linkages."
Read also: Fourfold increase in investigational new drugs applications in India: DCGI
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