Indian pharma sector can grow to 65 billion dollar industry by 2024: Sadananda Gowda

▴ Indian pharma sector can grow to 65 billion dollar industry by 2024: Sadananda Gowda
Indian Pharma Industry on upbeat following the pandemic

Chemicals and Fertilizers Minister DV Sadananda Gowda said India is one of the largest manufacturers and exporters of generic medicines across the world. Addressing the Latin America and Caribbean Session on ‘Reimagining Distances’, through virtual mode Mr Gowda said, Indian pharma sector can grow to 65 billion dollar industry by the year 2024.

Referring to the supply of HCQ and Azithromycin for treatment of Covid-19 cases, he said, India has supplied these medicines to more than 120 countries. He underlined that India has earned the reputation of a reliable supplier of medicines in the world.

Mr Gowda said the government has recently launched schemes for development of seven mega parks including three bulk drug parks and four medical devices parks across the country. He invited the investors to set up a manufacturing base in India in the pharma sector. The Minister said the market size of Chemicals & Petrochemicals sector in India is around 165 billion dollars and is expected to grow up to 300 billion dollars by the year 2025.

Meanwhile, Health Minister Dr Harsh Vardhan today reviewed the activities taken under the “Jan Andolan” on COVID Appropriate Behaviour with the Heads of all AIIMS and Central Government Hospitals through video conferencing.

Highlighting the importance of the coming months in the country’s collective fight against the pandemic, Dr Vardhan said the government has created the significant infrastructure for our fight against COVID which includes over 90 lakh beds, over 12,000 quarantine centres and more than 1900 labs.

He stated that the next two and half months are going to be very crucial for us in our fight against corona because of the winter season and the festival season. He said it becomes the responsibility of every citizen to follow COVID appropriate behaviour to curb the spread of the infection.”

The Health Minister stressed on the importance of physical distancing for effective containment of the disease.

The Union Minister asked all the heads of medical institutions to be the frontrunners in showcasing the importance of this Social Vaccine to break the chain of transmission of the disease in the country.

On India’s fight against COVID-19, Dr Vardhan said, India is continuously recording new milestones in the treatment of Covid. He said, India also has now become self-reliant in terms of masks and PPE kits which we earlier used to import.

Tags : #SadanandaGowda #IndiaPharmaSector #65BillionIndustry2024 #AIIMS #DrHarshVardhan #JanAndolan #ReimaginingDistances

About the Author


Team Medicircle

Related Stories

Loading Please wait...

-Advertisements-




Trending Now

Healthcare Startups to Watch Out for in 2025December 20, 2024
Biobank Blueprint: Redefining Diabetes Diagnosis and Treatment in IndiaDecember 20, 2024
The Future of Malaria Prevention: Can This Vaccine Eliminate the Disease?December 20, 2024
Why the World Trusts Indian Pharmaceuticals for Life-Saving SolutionsDecember 20, 2024
International Tsunami Conference Concludes at AmritapuriDecember 20, 2024
Prestige Marks 75 Years of Revolutionizing Home Cooking with Iconic Innovative ProductsDecember 20, 2024
Revolutionizing Education: Online Learning Platforms Transforming Study Materials for Board and Competitive ExamsDecember 19, 2024
Why Your Blood Pressure Reading Might Be a Lie and How to Fix ItDecember 19, 2024
Vaccines, Cards, and Digital Records: How India is Fighting Healthcare InequalityDecember 19, 2024
Bridging Borders: Sri Lanka’s President Explores India’s Healthcare and HeritageDecember 19, 2024
Jeevan Jyoti Project Brings Eye Care to Alwar's Rural CommunitiesDecember 19, 2024
Crompton Launches New Range of Decorative Wall Lights Providing a Perfect Blend of Uniqueness & AestheticsDecember 19, 2024
Can One Injection End Decades of HIV Inequality?December 19, 2024
Multi-Organ Marvel: How a 12-Hour Surgery Gave a Businessman New LifeDecember 19, 2024
Jupiter Hospital Celebrates BMT Heroes: Honoring Patients, Donors, and Advancing Care with New MilestonesDecember 18, 2024
Beware of Fraudulent Activities in the Name of Asian HospitalDecember 17, 2024
Why Feeling Lonely Can Be as Dangerous as Smoking for Your BrainDecember 17, 2024
Rethinking Intelligence: How Brain Connectivity Defines Our Intellectual PotentialDecember 17, 2024
Lonely in a Crowd: When Socializing Fails to Heal Young MindsDecember 17, 2024
How many hours of sleep are children getting on average now compared to before the pandemic?December 17, 2024