Govt to invest Rs 3000 cr to strengthen drug regulatory system
Updated: May 22, 2014 03:54:50pm
Mumbai, May 22 (KNN) Strengthening the drug regulatory system in the country, the Indian government will invest Rs 3,000 crore over the next three years in the pharma sector to double the number of drug regulators to 1,000 and set up testing labs at ports to ensure that pharmaceutical export shipments meet global quality standards, according to Drugs Controller General of India, G N Singh.
"Strengthening the regulatory system is on our agenda. Indian regulators are aware that there is a gap in the regulatory system which needs to be filled up. India has a dual system of regulation for the states and the Centre,” Singh told media on the side-lines of the International Exhibition for Pharma and Healthcare (iPHEX 2014).
“Our work is to strengthen the regulatory system both at the Centre and state levels. The 12th FYP will see an investment of USD 0.5 billion or about Rs 3,000 crore from the government which will also be used to strengthen the state-level regulatory bodies," a media report said, quoting Singh.
"While following a zero tolerance policy for any laxity, the government will more than double the number of regulators in three years and set up state-of-the art testing labs at ports to ensure the pharmaceuticals and drugs exports shipments meet global quality standards," he pointed out.
At the Centre, the count of drug regulators will be increased to 1,000 from current 500 in the next 2-3 years whereas, at the state-level, the count will be doubled to 3,000. (KNN Bureau)
"Strengthening the regulatory system is on our agenda. Indian regulators are aware that there is a gap in the regulatory system which needs to be filled up. India has a dual system of regulation for the states and the Centre,” Singh told media on the side-lines of the International Exhibition for Pharma and Healthcare (iPHEX 2014).
“Our work is to strengthen the regulatory system both at the Centre and state levels. The 12th FYP will see an investment of USD 0.5 billion or about Rs 3,000 crore from the government which will also be used to strengthen the state-level regulatory bodies," a media report said, quoting Singh.
"While following a zero tolerance policy for any laxity, the government will more than double the number of regulators in three years and set up state-of-the art testing labs at ports to ensure the pharmaceuticals and drugs exports shipments meet global quality standards," he pointed out.
At the Centre, the count of drug regulators will be increased to 1,000 from current 500 in the next 2-3 years whereas, at the state-level, the count will be doubled to 3,000. (KNN Bureau)
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