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  • PM Modi inaugurates...

PM Modi inaugurates first Global Innovation Summit of Pharma Sector

Ruchika SharmaWritten by Ruchika Sharma Published On 2021-11-20T10:00:13+05:30  |  Updated On 20 Nov 2021 10:00 AM IST
PM Modi inaugurates first Global Innovation Summit of Pharma Sector
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New Delhi: The Prime Minister, Shri Narendra Modi has inaugurated the first Global Innovation Summit of the Pharmaceuticals sector. Union Minister Dr. Mansukh Mandaviya was present on the occasion.

Addressing the gathering, the Prime Minister said that the pandemic has brought the Pharmaceuticals sector into sharp focus. Whether it is lifestyle, or medicines, or medical technology, or vaccines, every aspect of healthcare has received global attention over the last two years.

In this context, the Prime Minister said that the Indian pharmaceutical industry has also risen to the challenge.

"The global trust earned by the Indian healthcare sector has led to India being called the "pharmacy of the world" in recent times", Shri Modi said.

The Prime Minister elaborated that "our definition of wellness is not limited by physical boundaries. We believe in the well-being of the entire humankind. And, we have shown this spirit to the whole world during the Covid-19 global pandemic".

During the pandemic, "we exported lifesaving medicines and medical equipment to over 150 countries during the initial phase of the pandemic. We have also exported more than 65 million doses of Covid vaccines to nearly 100 countries this year", The Prime Minister informed.

The Prime Minister envisioned creating an ecosystem for innovation that will make India a leader in drug discovery and innovative medical devices.

He said policy interventions are being made based on wide consultation with all stakeholders.

The Prime Minister noted that India has a large pool of scientists and technologists with a potential to take the industry to greater heights. "This strength needs to be harnessed to "Discover and Make in India", he added.

The Prime Minister stressed on developing indigenous capabilities. "Today, when 1.3 billion people of India have taken it upon themselves to make India Aatmanirbhar, we must think about ramping up domestic manufacturing of key ingredients for vaccines and medicines. This is one frontier that India has to conquer", the Prime Minister urged.

The Prime Minister invited the stakeholders to Ideate in India, Innovate in India, Make in India and Make for the World. Discover your true strength and serve the World, he concluded.

Read also: India can supply 5 billion Covaxin dosages to world post WHO nod: PM Modi

PM ModiGlobal Innovation Summitpharmacoronavirus vaccinemedical device
Ruchika Sharma
Ruchika Sharma

    Ruchika Sharma joined Medical Dialogue as an Correspondent for the Business Section in 2019. She covers all the updates in the Pharmaceutical field, Policy, Insurance, Business Healthcare, Medical News, Health News, Pharma News, Healthcare and Investment. She has completed her B.Com from Delhi University and then pursued postgraduation in M.Com. She can be contacted at editorial@medicaldialogues.in Contact no. 011-43720751

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