Sudarshan jain - Latest News Update, Information, Photos & Videos on Sudarshan jain at Lokmat Times

Hyderabad, Sep 15 The Indian pharma industry is expected to grow to $130 billion by 2030 and become the leading provider of medicines to the world, said Indian Pharmaceutical Alliance (IPA) Secretary General, Sudarshan Jain on Thursday.The Indian pharma industry is currently valued at $49 billion and is the third largest in the world. India supplied medicines to over 200 countries in the world, he said.He was speaking on the sidelines of three-day trade shows on laboratory technology and Pharma - machinery segments, which kicked off here.Sudarshan Jain said that with India becoming the fifth largest economy in the world, this is the time for Indian industry to make a difference in the world. He stressed on innovation, self-dependence, diversifying the export market and building capacity for the Indian industry to be future-ready.Dr. Viranchi Shah, National President, Indian Drug Manufacturers Association (IDMA) felt that Production Linked Incentive Schemes (PLIs) and cluster manufacturing are contributing to the pharma sector's growth. According to him, India is aspiring to be number one in the next 25 years.He opined that PLIs and cluster manufacturing will reduce India's dependence on imports."When India completes its 100 years of independence, India in 2047 will be a $500 billion industry. PLI 1.0 and 2.0 are vital for India to achieve this goal," he said.The IDMA is working closely with the Government of India on PLI 2.0. Large part of imported medicine and equipment will be manufactured locally, decreasing dependence on imports and giving healthcare security to India. India is moving from being a generic manufacturing giant to value addition. Innovation, technology and entrepreneurship will drive India towards this, he opined.Ravi Uday Bhaskar, Director General, Pharmexcil said that the future for the Indian pharma and allied industries is bright but there are challenges too. Any export will depend on the importing policies of other countries. There is a need to streamline the industry especially in terms of regulations. Different countries have different regulations. Industry-regulator understanding is important for growth. Common regulatory standards like those in the European Union need to be worked out globally so that it is helpful for the pharma industry, he said.Analytica Anacon India, India Lab Expo, and Pharma Pro & Pack Expo 2022, the three concurrent trade shows have brought together decision makers, industry stakeholders, and policymakers, leading manufacturers and buyers of pharma machinery, analytical equipment, and laboratory technology.The trade shows are jointly organised by Indian Pharma Machinery Manufacturers Association (IPMMA), Indian Analytical Instruments Association (IAIA) and Messe Muenchen.Over 400 suppliers are showcasing more than 5,000 products in an exhibition space of nearly 18,000 square meters. The trade show was inaugurated by tree plantation by Madan Mohan Reddy, Director, Aurobindo Pharma and others.Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Home

City

Latest News

Cricket

LT Premium

National

International

Maharashtra

Opinions

Chhatrapati Sambhajinagar

Nagpur

Entertainment

Photos

Business

Technology

Sports

Lifestyle

Social Viral

Lokmat Games

Health

Pahalgam Terror Attack

Tahawwur Rana

IPL 2025

CM Devendra Fadnavis

Mumbai Local

Weather Update

Sudarshan Jain, NewsFOLLOW

Sudarshan jain, Latest News

National :Zero-tolerance against manufacturers who compromise with quality of medicines: Health Minister Mansukh Mandaviya

Mumbai (Maharashtra) [India], June 24 : The Indian pharma industry should strive to maintain the reputation of India as ... ...

Business :Pharma Manufacturing Industry market trends and future growth predictions by PharmaHopers

Indian pharmaceutical manufacturing industry, also known by the sobriquet "pharmacy of the world" has a substantial share in providing affordable generic medicines. The pharma industry in India is ranked third in the world for pharmaceutical producti ...

International :Indian pharma industry likely to grow to $130 bn by 2030

Hyderabad, Sep 15 The Indian pharma industry is expected to grow to $130 billion by 2030 and become ... ...