New Delhi: PHD Chamber of Commerce & Industry organized 5 days International (3D Virtual) Health & Wellness Expo & Conferences-2020 and on the last day of the event during the technical Session on Brainstorming the Strategies for Positioning India as a Hub for API- AatmaNirbhar, E-Market Place the online marketplace for Health & AYUSH Products launched with the gracious presence of Dr. S. Eswara Reddy, Drug Controller, CDSCO and Anil Khaitan, Former President, PHD Chamber.
The other eminent dignitaries present were Dr. N. Subramanian, Chairman Health Committee, PHD Chamber & Director, Medical Services, Indraprastha Apollo Hospitals, B R Sikri, Chairman, ABS Mercantile, Srinivas Lanka, Advisor, Pharmaexcil, Sudarshan Jain, Secretary General, IPA, V.V. Krishna Reddy, National President, BDMA, Mahesh Doshi, National President, IDMA and Vivek Seigell, Principal Director, PHD Chamber.
On this portal, the information of the products portfolio will be available to a wide variety of stakeholders which the Chamber interacts with and a person can have a direct connect & access to the manufacturer of the products with an immediate access to the wide array of sectoral industries to save their costs through a single platform.
Speaking at this occasion, Dr. Eswara Reddy mentioned that India should be the Hub for API and the schemes are to boost the indigenous manufacturing of API. He further mentioned that we are heavily dependent on other countries for API / KSM and until and unless we have the complete ecosystem, we cannot become a leader.
Dr. Reddy gave a brief on two promotional schemes. First to develop 3 Bulk drug Parks, where total 3000 cr investment will be made by Government of India and second is the Promotion Linked Incentive scheme for the bulk drug where around 7160cr has been sanctioned, which measures the total investment of 10,000 crores.
Dr. Reddy further mentioned that India has an advantage of huge costal area and the main aim is to have a complete background integration. He added that the Government does not want players who are not interested and still make the application without any financial back up, which is the reason to set up the minimum investment threshold else the scheme will fail.
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