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Dilip Shanghvi, managing director of the country’s largest drug maker Sun Pharma, Pankaj Patel, chairman and MD of Zydus Cadila, and Rajiv Modi, CMD of Cadila Pharmaceuticals, also urged drug makers to innovate to leap to the next level of growth in the sector. “I see India as the potential pharmacy hub of the world; if we make a few changes to the way we do business in India and the way we manage our business in India, we can accelerate that process,” Shanghvi said at the Make in India week in Mumbai on Tuesday. “We should focus on fixing the compliance. If we achieve the regulatory capability where mutual recognition of manufacturing in India is accepted globally, it will significantly improve the perception of quality of Indian products,” he said.
Shanghvi said companies need to move beyond being mere generic players and look to innovate to capture the potential $800-billion pharmaceuticals market. His statements come at a time when the Indian generic industry, which manufactures nearly half of the drugs consumed across the world, has been battling a perception issue of not being quality compliant.
Shanghvi said there is a need to fix the curriculum of pharmacy colleges in India where many of the current pains of the pharma sector, such as data integrity, is not given priority.
Modi of Cadila Pharmaceuticals said India’s regulatory standard should be raised at par with global agencies, a move that would quash any doubts about the quality of drugs coming from India. He also gave a bold call of abolishing price control. Modi’s thoughts were echoed by Pankaj Patel of Zydus Cadila who said the government should control only prices of essential drugs. Patel also lashed out at the clinical research guidelines of India, calling it the “worst guidelines in the world”.
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