Last Updated on March 29, 2024 by The Health Master
Pharma Sector PSUs
The Union Health Minister, Mansukh Mandaviya, announced that the Indian government is considering divesting a stake in up to two public sector units (PSUs) operating in the pharmaceutical sector.
Mandaviya highlighted the government’s intention to transition from being a participant in the industry to acting as a facilitator for private sector enterprises.
The minister also stressed the significance of quality control in the Indian pharmaceutical industry and urged the formation of a self-regulatory organization to address related concerns.
Divestment Plans for Government-Owned Pharmaceutical Plants:
Mandaviya disclosed the government’s plans to divest its stake in 1-2 pharmaceutical plants currently under its control.
The objective is to allow the private sector to take charge of their operations and management.
However, the minister refrained from divulging specific details regarding the companies or the stage of progress in these proposed divestments.
Warning to Non-Compliant Companies:
Mandaviya issued a stern warning, stating that companies that do not prioritize quality have no right to remain in the pharmaceutical business.
The government is committed to holding such companies accountable and taking appropriate actions to maintain the highest standards of quality in the industry.
Conclusion:
The Indian government’s contemplation of divesting its stake in select public sector units engaged in the pharmaceutical sector marks a shift in its approach from active participation to facilitation of private sector operations.
Health Minister Mansukh Mandaviya emphasized the need for quality control in the industry.
The government’s commitment to assessing risks, shutting down non-compliant plants, and establishing dedicated squads demonstrates its resolve to ensure stringent quality control measures.
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