Get Latest updates :
  • Home
  • Register
  • Log In
News and Updates around World
Advertisement
  • Automotive
  • Business
  • Education
  • Entertainment
  • Health & Fitness
  • Real Estate
  • Sports
  • Technology
  • Travel
  • World News
  • Automotive
  • Business
  • Education
  • Entertainment
  • Health & Fitness
  • Real Estate
  • Sports
  • Technology
  • Travel
  • World News
No Result
View All Result
News and Updates around World
No Result
View All Result
Home World News

Madras High court raises concern over India’s over-dependence on Chinese pharma ingredients

Madras High court raises concern over India’s over-dependence on Chinese pharma ingredients
Share on FacebookShare on Twitter

The Madras High Court has expressed apprehension about India’s over-dependence on ’hostile neighbor’ China, when it comes to the import of Active Pharmaceutical ingredients (API).

This observation was made on the grounds that it hinders the nation’s response to security and other breaches by the neighbor. APIs are the ingredients in the medicine that play the major role of acting upon the illness. While India, which is regarded a pioneer in pharmaceuticals, does not import medicines per se, the country imports APIs, which are the crucial ingredient in the drugs’ manufacture. 

Also read| Mysterious COVID-19 vaccine: China’s cry of help for friendship

At one stage, even the National Security Advisor (NSA) has cautioned the Government of the danger to our national security on account of this excess import dependence from a single nation” the Court said. It is said that China is also the global leader in the production and export of APIs, which is enabled by government support and lower costs on various fronts.

The Court notes that the economic advantage of importing APIs from China has led to India losing its scientific-edge and self-reliance in APIs. It is said that China is able to sell their APIs to India at 25% of the cost that it would take to manufacture in India. “As a result, our country that had once built 99.7% self-reliance in APIs went on to import over 90% of its API requirements from China”, the Court said. “At one stage, even the National Security Advisor (‘NSA’) has cautioned the Government of the danger to our national security on account of this excess import dependence from a single nation” it added. 

Also read| China to join COVAX: When will UN hold China responsible for its actions?

Fearsome prospects of Indian patients having to consume sub-standard drugs or go without medicines, in case of escalation of tensions with China were also mentioned by the Court, in view of the Galwan clashes. 

The court made the observations while ordering that a five-member committee be set-up to ensure the enabling of a private company Vinkem Labs Ltd to become a global player that can bring in foreign exchange and also ensure India’s self-reliance in cancer drugs.

In an issued on September 30, 2020, the Court said that a committee must be formed within eight weeks to facilitate requirements of Vinkem Labs including fiscal and regulatory for R&D, commercialization, industry development, regulatory compliances, technology infusion, exports, domestic supply and others.

The proposed committee is meant to have a member each from Union Ministry of Pharmaceuticals and Finance Ministry not below Joint Secretary rank, Secretary, Department of Pharmaceuticals, Government of Tamil Nadu, one member from Bank of India and National Bank for Agriculture and Rural Development (NABARD) not below the rank of Senior General Manager and N.L.Rajah, the amicus curiae appointed by the court.

The court monitored Committee is also required to remove delays and difficulties, including funding requirements of Vinkem Labs with necessary recommendations to the banks.

Read More

ShareTweetPin

Related Posts

World News

At UNSC, India highlights its vaccine diplomacy

by Amrita Gogoi
January 27, 2021
World News

India permanently bans 59 Chinese mobile apps including TikTok

by Amrita Gogoi
January 27, 2021
British PM Johnson greets India on Republic Day; reiterates plan to visit later this year
World News

British PM Johnson greets India on Republic Day; reiterates plan to visit later this year

by Amrita Gogoi
January 27, 2021
UNSC permanent membership should reflect contemporary realities: India
World News

UNSC permanent membership should reflect contemporary realities: India

by Amrita Gogoi
January 27, 2021
First-ever tableau of Union Territory of Ladakh features in Republic Day parade
World News

First-ever tableau of Union Territory of Ladakh features in Republic Day parade

by Amrita Gogoi
January 27, 2021

Premium Content

South Florida condo covered in beer cans receives multiple offers

South Florida condo covered in beer cans receives multiple offers

November 25, 2020
Fewer unemployment claims filed in the U.S. last week

Fewer unemployment claims filed in the U.S. last week

January 5, 2021
Call of service takes him to poll front

Call of service takes him to poll front

November 30, 2020

Browse by Category

  • Automotive
  • Business
  • Education
  • Entertainment
  • Health & Fitness
  • Real Estate
  • Sports
  • Technology
  • Travel
  • World News

© 2020 Nicardo.com

No Result
View All Result
  • Home
  • Landing Page
  • Buy JNews
  • Support Forum
  • Contact Us

© 2020 Nicardo.com