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2010-04-19

Ministry of MSME: SME pharma sector under severe financial strain due to changes in IPR regime and Schedule M norms

According to the ministry of micro, small and medium enterprises (MSME) the changes in IPR regime and amendments in Schedule M have put severe financial strain on the domestic pharma industry.

Ministry of MSME: SME pharma sector under severe financial strain due to changes in IPR regime and Schedule M norms

According to the ministry of micro, small and medium enterprises (MSME) the changes in IPR regime and amendments in Schedule M have put severe financial strain on the domestic pharma industry.

 

The ministry is about to begin a detailed survey on the extent of cases of closures of small scale pharma units.

 

The goal of the survey, as recommended by the parliamentary committee on subordinate legislation, is to collect information on the total number of pharma units including state-wise break-up, total number of Schedule M compliant units, which have been closed since July 1, 2005 due to the non-compliance of Schedule M norms. It will also collect the names of units, which are partly compliant in respect of categories while license for other categories either suspended or cancelled. The findings of the survey will be forwarded to be incorporated in the action-taken report by the panel.

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