March 22, 2019
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70 th  Indian Pharmaceutical Congress concludes

  • With the aim of sharing best practices to aid the domestic industry become a world leader by 2030, the three-day 70 th  Indian Pharmaceutical Congress, inaugurated by Vice President of India, Shri Venkaiah Naidu, concluded today.
  • The Indian diagnostics market was a $ 9.6 million industry but just under 20% of Indians have ever given blood for testing but the government is fully geared to increase healthcare spending from 1.3% of the GDP to 2.5% of the GDP by 2025.
  • While India’s drug industry is set to grow at 13%, the same sector in the US was growing at just 3%. For the first time, India exported drugs worth $ 17 billion.
  • The importance of compliance, safety and risk control standards in the age of e- pharmacy and online pharmacy had increased after dangers of self-medication emerged.

New Delhi, NCR, 23 December 2018: With the aim of sharing best practices to aid the domestic industry become a world leader by 2030, the three-day 70 th Indian Pharmaceutical Congress,
inaugurated by Vice President of India, Shri Venkaiah Naidu, concluded at the Amity University Campus, NOIDA, today.
Continuing the momentum from yesterday’s insightful discussions led by more than 60 speakers from both India and abroad within a span of just 7 hours, today’s proceedings witnessed power- packed panel discussions on the critical topics of Over-The-Counter drug regulation, risk and safety
in the era of multi-drug resistant microbial strains, the challenges people face in accessing quality diagnostic services, the relationship between the pharmacist – as the first point of contact – and the patient and how the menace of fake medicines can be curbed.
The event was graced by her holiness, Anand Murti Guru Maa as the Chief Guest and Mr. Bejon Misra as the Guest of Honor.
Mr. Atul Nasa, Head of Office/ Controlling Authority, Drugs Control Department, Delhi, said on the occasion, “The coming months will see stricter implementation of quality standards and increased awareness of the risks of online pharmacy. OTC drugs need greater regulation to prevent
unmonitored use and abuse”.
“No other country in the world is able to supply affordable medicines to the world at affordable prices than India. The interaction between regulating authorities and top CEOs of industry will ensure that there is a more congenial interface between industry and the government to promote
smoother access of life-saving medicines to all our people”, said Mr.BR Sikri, Chairman, LOC of 70 th  IPC.
Whereas the Indian diagnostics market was a $ 9.6 million industry, just under 20% of Indians have ever given their blood for testing while Tier III & IV towns are deprived of quality diagnostic facilities.
However, the government is fully geared to increase healthcare spending from 1.3% of the GDP to 2.5% of the GDP by 2025. Tele-pathology could play a great role in reducing costs of diagnostics in such cases. Increased penetration of health insurance can also play a pivotal role in increasing
diagnostic access. Diagnosis was now moving from simple intervention to real-time monitoring and predictive markers. Hence, it offers vast employment opportunities to young and passionate learners.
The Panel Discussion on Over-the-Counter drug retail and regulation, threw up crucial points such as the dangers of self-medication and the need to raise awareness of the rules concerning OTC medicine delivery and consumption. Dr. R Chandershekhar, Deputy Drugs Controller (I), CDSCO,
stressed on the importance of compliance, safety and risk control standards in the age of e-pharmacy and online pharmacy.
India exports pharmaceutical products to over 180 countries around the globe, of which, 30% goes to the US alone. While India’s drug industry is set to grow at 13%, the same sector in the US was growing at just 3%. For the first time, India exported drugs worth $ 17 billion – a huge achievement.
In the next 10 years, India’s pharma trade will be worth $ 200 billion which speaks for the efficacy of India-made drugs in the world.
The program concluded with a valedictory function and address by the Chairman, Secretary reports, Scientific reports, motivational and spiritual talks, a fashion show, prize distributions and felicitation ceremonies and the singing of the national anthem.