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iPHEX 2014 flagged off with key focus on clarifying doubts on regulatory mechanism

Our Bureau, Mumbai
Wednesday, May 21, 2014, 17:30 Hrs  [IST]

iPHEX 2014, that flagged off in Mumbai today with over 500 companies, and 40 regulators, saw an immense response from the industry and regulators over its dedicated effort on resolving and clearing the myths about the Indian regulatory mechanism. Indian regulators and top government brass who represented the industry stressed that global regulators need not panic over the rumours and lose confidence in the effectiveness of Indian regulatory body which is in no way inferior to the other practiced world-wide.

The event was inaugurated by Sudhanshu Pandey, joint secretary, commerce ministry, who stressed that this conclave is not only for the purpose of building overseas business but also to set things right and in motion over the various doubts other countries have on the capacity of the Indian regulators. “Today under the challenging and changing market dynamics, there is an immense pressure for the companies   to keep up with all the regulatory norms and requirements, which our regulators keenly ensure are done at par with the laws of the land. Hence, there is no reason for worry over non competence or non compliance issues, the government of India is taking all the necessary steps to ensure that,” Pandey said.

Dr P V Appaji who played a major role in rolling up this event said that the response they garnered on the first day of this event this year has been staggering and shows that last year we have been able to create a huge impact on the overseas delegates and visitors, quite evident through huge response and positive enthusiasm this year from our old and new delegates.

Highlights of the event was the staggering presence of regulatory officials from across the country including their top brass Dr G N Singh, who has clarified and explained about the immense contribution of the Indian drug regulatory system in providing safe and efficacious drugs to not only over 1.15 billion population of India but also worldwide. He further stressed that this opportunity should be utilised to clarify a lot of doubts on the Indian regulatory system so that strong way can be paved for a doubt free confidence business building measures.

He further informed that the Centre is taking all possible measures to further strengthen the drug regulatory mechanism by capacity building measures and increasing the manpower. And further assured that the quality of the products manufactured here are of best quality. Dr H G Koshia, commissioner of Gujarat FDCA, representing the state drug regulatory body stressed that every third vaccine given in the world is manufactured in India, which highlights the huge potential and thrust of the country in serving the patients worldwide. “Seeing the huge response from this event and the potential of generating overseas business, I am really keen to have iPHEX event being organised in Gujarat. We have received huge appreciation from overseas delegates on our good services and business acumen, which we will strengthen further on all counts.”

It was announced during the inaugural function that the iPHEX 2015 will again be held in Mumbai. S D Mudda, executive director-technical operation, Micro Labs asserted that from an industry perspective this event is turning out to be a promising one, this is mainly because of the immense support and the co-operation of the government.

Mahesh Zagade commissioner of Maharashtra FDA during the inaugural function stressed that regulatory agencies have been doing a splendid job in ensuring the quality and efficacy of drugs available across India. Not only that, he further said that making the drugs available to the patients is also an important job. “If a needy patient cannot afford to buy a drug then such a drug or innovation is of no use. Our priority also lies in imparting proper and effective drug dispersing system as well for the welfare of the patients at large.”

Bhavin Mehta, chairman of iPHEX organising committee, said that a strong message has been sent at the three-day event which began here today with buyers from 125 countries thronging the exposition.

Chairman of the Pharmaexcil Ashutosh Gupta said the industry and the government are working in tandem to increase the spend on the research and development.  The industry has also been in touch with the government seeking special package for the small and medium enterprises under the Technology Upgradation Fund.

 

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