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14 nations eye India's generic drug model

Mint Mumbai

|

November 16, 2024

Countries will specify their requirements, with HLL and MEA coordinating with them for the pharma exports

- Priyanka Sharma

14 nations eye India's generic drug model

Inspired by India's efforts to make affordable medicines accessible to the public, 14 countries from the Global South, including Taliban-ruled Afghanistan, are considering adopting India's generic pharmacy model, according to two people familiar with the development.

While 11 countries, including Nepal, Sri Lanka, Bhutan, Ghana, Suriname, Nicaragua, Mozambique, and the Solomon Islands, have recognized Indian standards for drugs and medicines, Burkina Faso, Fiji Islands, and Saint Kitts and Nevis are already in talks with the Indian government to help them replicate the scheme, known as Pradhan Mantri Bharatiya Janaushadhi Pariyojana (PMBJP).

FLERE HISTORIER FRA Mint Mumbai

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AI bond flood adds to market pressure

Wall Street is straining to absorb a flood of new bonds from tech companies funding their artificial intelligence investments, adding to the recent pressure in markets.

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Auto parts firms spot hybrid gold

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Diwali is past, but shopping season is roaring ahead

India's consumption engine appears to be humming well past the Diwali rush, with digital payments showing none of the usual post-festival fatigue.

time to read

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HOW TO SPOT A WINNING STARTUP IPO

As a flood of new listings burns small investors, we investigate the overlooked metrics

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WHY INDIA HAS FAILED TO CURB AIR POLLUTION

Despite massive funding, India has failed to make meaningful progress in combating air pollution. Beijing's dramatic turnaround over the past decade offers crucial lessons.

time to read

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Micro biz has a harder time securing loan to start up

Bank lending to first-time micro-entrepreneurs has plummeted, signalling tighter credit conditions for small businesses already struggling with cash flow pressures and trade turmoil. In the first six months of the fiscal year, a key central scheme to support such lending managed to sanction just about 12% of what was sanctioned in the entire previous fiscal year, official data showed.

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Inverted duty fix is next on GST agenda

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Why was a fresh approach to QCOs needed?

The government is now withdrawing the quality control orders (QCOs) issued earlier across sectors. Mint examines the original intent, the reasons for the policy reversal, and the expected national benefits from this move.

time to read

2 mins

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Climate: Hope lives

Climate change could be described as a \"tragedy of the commons.\" That is, one where a shared resource, such as the planet's atmosphere, gets degraded because everyone has an incentive to put immediate self-interest above what's good for all.

time to read

1 min

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