Union Minister Mansukh Mandaviya stresses on need for self-regulation in MSME pharma sector

New Delhi, July 11 (KNN) Union Minister of Chemicals & Fertilizers Mansukh Mandaviya on Monday met with representatives from Pharma Companies from the MSME sector in New Delhi.
 
During his meeting with Pharma MSMEs, the union minister stressed on the need for self-regulation in the MSME pharma sector.
 
“Our global position in the pharmaceutical sector is created through the quality of our products. We must undertake all possible steps to ensure that we strengthen this position in terms of value and quality. Hence, the role of self-regulation becomes critical,” he said.
 
The minister informed the industry representatives that Schedule M will be made compulsory for the MSME pharma sector in a phased manner. 

“This will help in quality assurance and also reduce compliance burden,” he said.

The Union Minister further stated that in order to ensure the highest quality of pharma products, the regulatory authorities have started risk-based inspection and audit of plants. He stated that 137 firms were inspected, and action has been taken against 105 firms. Production has been stopped at 31 firms and Cancellation & Suspension of Product/Section Licenses have been issued against 50 firms, an official statement said.

Key persons present at the event included S. Aparna, Secretary (Pharma), Rajeev Raghuvanshi, DCGI and senior officers from Deptt, Viranchi Shah, National President and other office bearers of IDMA were also present. 

KNN Bureau