Take action against e-pharmacies for providing predatory pricing: AIOCD tells Niti Ayog
This is nothing but predatory prices and objectives to small pharmacies driving out of the market to create a monopolistic situation, in the long run, the statement read.;
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New Delhi: The All India Organisation of Chemists and Druggists (AIOCD) has raised concern over illegal and indiscriminate discounts being offered by corporate chains and online pharmacies to customers.
A delegation of AIOCD held a meeting with Dr V K Paul, Member, Niti Aayog, who is also heading the health vertical - an authority to frame policy Instrumental person in many health-related policies and planning - and expressed concern about the same.
The delegation appealed for actions against indiscriminate, illegal discounts being offered by corporate retail chains and online pharmacies, which they claimed were flouting rules of the Drug Acts, Pharmacy Act, and Medical practice ethics.
"This has impacted small retailers, and wholesalers, across the country," complained the delegation led by AIOCD president JS Shinde while submitting a memorandum to Dr VK Paul.
Read also: Indian Pharma Market registers 7.2 percent growth in October: AIOCD-AWACS Report
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