TN govt ready to frame Pharmaceutical Industry Policy; offers full support to small & medium pharma units: K Gnanadesikan

Peethaambaran Kunnathoor, ChennaiWednesday, July 11, 2018, 08:00 Hrs  [IST]

The small and medium pharma units in Tamil Nadu will get the maximum encouragement from the state government in the form of working capital term loans (WCTL), 24-hour electricity supply and free land with water sources provided they join hands to step up the pharma production in the state, said K Gnanadesikan, additional chief secretary in charge of industry department, government of Tamil Nadu.

Although Tamil Nadu has the 5th position in manufacturing pharmaceuticals in the country, the state’s full potential is still not utilized. Government is ready to provide more support and structured packages for the growth and development of the pharma sector. The state is competing with Telangana, Maharashtra, Gujarat and Karnataka in drug production, he said while delivering the inaugural address at the Pharmac South trade fair 2018 at the Chennai Trade Centre.

Similarly, he said, the government is also ready to put in all efforts to frame one Pharmaceutical Industry Policy for the state on the lines of the Biotechnology Industry Policy adopted by the government. But to realize it, the pharma entrepreneurs must come together under one roof and approach the government. If a demand for a pharma project or policy is made collectively by all the manufacturing units, it can be taken up with the chief secretary for discussion, he asserted.

As regards one pharma park, a crucial demand of the drug manufacturers, the industry secretary said the government is ready to play the role of facilitator by providing all support for setting up the park. But the entrepreneurs in the sector should join together for the common cause.

Talking about the growth of Indian pharmaceutical industry, Gnanadesikan said no other industry in the country has a global reach like pharmaceuticals. Pharma industry is witnessing double digit growth and it will further grow if incentives are given. In the case of Tamil Nadu, if a pharma industry policy takes form, it will shape the industry better and take it into higher levels.

“Now, the government of Tamil Nadu has passed the Business Facilitation Act 2018 which provides single window clearance for the growing and start-up companies. So, new pharma units can easily avail all services from a single place. The ‘ease of doing business’ is becoming real in Tamil Nadu”, he added.

Dr. K Radhakrishnan, principal secretary of health and family welfare, Tamil Nadu was the guest of honour at the inaugural function. While addressing the industry people he said the drug manufacturers should think of bringing down the cost of medicines for which effective translational research in drug development is required. He wanted the industry doyens to initiate steps for the research persons and institutions to work together towards this end. In the case of prices, compared to other countries, it is less in India. Africa congratulated India for low cost medicines supplied to their countries, especially drugs for HIV, he said.

The secretary general of the Indian Drug Manufacturers Association ( IDMA) Dara Patel, the immediate past president SV Veeramani, chairman of TN IDMA J Jayaseelan, south zone vice-president M Revichandran, Pharmac South organizing committee chairman M Rajaratinam, Orbit Exhibitions managing director Rupen Vikamsey, TN DCA director M Sivabalan and CDSCO south zonal officer Shanty Gunasekharan were present on the dais.