Hotline: 1800 102 2007
X
Search Business Opportunities
Government Policy 2014-12-03

Government sets up panel to fix prices of patented drugs

To suggest ways for patented drug pricing, the Indian government has formed a panel of inter-ministerial committee of Joint Secretaries. The panel is expected to bring down prices of patented drugs.

Government sets up panel to fix prices of patented drugs

With an aim to address the patented drugs prices in India, Government has set up an inter-ministerial committee of Joint Secretaries who will suggest ways and means to fix price rise.

 

According to a PTI report, Hansraj Gangaram Ahir, Union Minister of Chemicals and Fertilisers confirmed the news in a written reply to Lok Sabha, the lower house of Indian Parliament.

 

Ahir said, “To address the issue of price negotiation mechanisms for patented drugs, an Inter-ministerial Committee of Joint Secretaries has been set up to suggest ways and means to fix the prices of patented drugs in the country.”

 

The minister was replying to a question whether the government proposes to regulate the prices of patented drugs in the country.

 

When asked if drug manufacturers from some countries, including the US, have expressed displeasure over the issue of being denied grant of patent for certain drugs for which Indian companies are producing generic drugs, Ahir said a blunt 'No'.

 

 

Image Curtesy: Google

 

Comment
Related opportunities
  • Bars, Pubs & Lounge
    Company Profile: À Ta Maison (or ATM) opened its doors in..
    Locations looking for expansion New Delhi
    Establishment year 2014
    Franchising Launch Date 2018
    Investment size Rs. 2 Cr. - 5 Cr
    Space required 3000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi New Delhi
  • Dairy/F&V Stores
    About Us : Moo Cow was started aiming to be the bigest..
    Locations looking for expansion Delhi
    Establishment year 2010
    Franchising Launch Date 2011
    Investment size Rs. 1 Cr. - 2 Cr
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Clinics & Nursing Homes
    About Us: Dr. Richa Jain Unique Clinic: Established at Nagpur, Maharashtra,..
    Locations looking for expansion Maharashtra
    Establishment year 2000
    Franchising Launch Date 2018
    Investment size Rs. 50lac - 1 Cr.
    Space required 1800
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • Real Estate Sub
    Mini Homes ! Based out of Mumbai , Mini Homes is..
    Locations looking for expansion Maharashtra
    Establishment year 2008
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 150
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities
More Stories

Free Advice - Ask Our Experts