Ad Here  
November
December
January
February
March
April
 
 
LVB gears to become a financial supermarket Hyundai excites again An American alliance in the chemical industry? People Flow Day- Safety STFC raises money On the ‘milky’ way Pharma market dozes Steel loses its sheen Innovation that helped Chennai port Business Breif Changing dynamics in human resource management Backpack laboratory Celebration time at MS Chola The new look- 4s Verna Make way for the new and dynamic railways TVS Logistics – another acquisition to sharpen the business model Towards peace of mind ALL to launch electric busses WABCO’s second Chennai plant Apple maps – finding its way Nigeria comes nearer Scoot offers just Rs.13,500 to ANZ... Realty sector takes a break... Schwing Stetter India joins hands with US-based Gomaco Tata Steel commence operations at Kalinganagar Airlines wage price war BRICS development bank Hero Motocorp - smooth ride Chennai Port is at last decongested! TII’s single largest investment at Thiruthani Economic, business and social sustainability Techies trip to India World labour laws at a glance Illicit markets a concern to growing economy More gensets and diesel engines from TAFE Indigo stays leader with 40 per cent share Secured NCDs from Shriram City Curbing steel imports will hurt small business... Flexible labour laws… Focus on self-certification and third party inspection Is Indian telecom industry heading for a monopoly? Industry-well poised to invest on expansion Need to focus on ease of doing business... Creating Tamil Nadu Banana brand Nothing to hide... Chola MS launches motor app Strategy war escalates between Hero and Honda Climate change may change the way businesses work... Holiday Inn opens in OMR Chennai Placing the right shoe forward... Veritas Finance- financing the unfinanced Well-refined – RIL’s refinery margins zoom OBO Bettermann for better lightning protection Ridley marathon to India European crisis is a global crisis! Murugappa- a year of consolidation Adding Zest to Scooty Sun Edison launches solar pumps Striking cords for 25 years… TII-challenging year with flat growth Reality bytes Time to fast-pace the logistics sector Digital retail transactions stabilise at higher level… Chola MS net crosses 100 crores AirAsia India infuses funds to fight out competition An aerospace-defence cluster in Tamil Nadu… Brand leaders come forward... Three more leather clusters… Investor friendly Japan SumInfra- corridor based development... Automotive Vision Plan II... Rating of states to be released soon Connecting the unconnected Bridging the skill deficit in pharma industry Chennai to get a roundabout Metro Inclusive and forward moving... Indian Bank – global businesses crosses Rs 3 lakh crore... ECGC expands operations CUB: towards card-less withdrawal Celebrating 180 years of relevance TOP 10 CEO Compensation Dynamic e-commerce scenario Housing Innovation Challenge, 2015 - TCS’ revenues cross Rs 100,000 crore Gem of social service... Realising double digit growth in Tamil Nadu Business Briefs Downsizing spree... A global plastic event in India Waste, a gold mine Purdue and IIT-M sign the dotted line ALL – truck industry is recovering from degrowth Blue Star plans a new plant in south ISRO's 100th mission IFCI to raise NCDs upto Rs 2000 crore ALL-two launches in a row Four daughters and a proud father Big-ticket investments march towards Punjab Chennai will soon get its World Trade Centre TiE applauds innovative entrepreneurs Durga - India’s largest blast furnace; now operational TN budget pragmatic and moderate on fiscal deficit Economic issues take a back seat at G20 summit When Centre visits the state Carrefour’s quick exit Research needs more funding Applauding enterprise... Smart controls for cooling large multi-zone spaces ... Auto test tracks launched at GARC Oragadam campus
 
Pharma market dozes

“The current size of Indian pharma market is more than Rs 100,000 crore of which 60 per cent is domestic market and 40 per cent export,” said C P Singh, Chairman, National Pharmaceutical Pricing Authority. At a seminar on drug pricing organised by Consumer Association of India he pointed to the Indian pharmaceutical market being mature enough in terms of product pricing. The government fixes a ceiling price and the companies can price based on the market. The year-on-year increase has been only about 1.8 per cent to 3 per cent. Singh pointed to companies selling drugs with the same composition and dosage under different brand names but priced variably. A list of these has been made and is available on their website.

The Tamil Nadu Medical Services Corporation (TNMSC) procures and distributes medicines at nominal prices to the government hospitals and primary health care centres. Rajendra Ratnoo, Managing Director, TNMSC, pointed to the quality check methods adopted. From 2009, 75 products have been black listed due to lack in quality. The current budget of Tamil Nadu has allocated Rs 20 crore to expand this service as ‘Amma Marundagams’ where medicines would be sold at minimal rates. 100 new pharmacies are to be opened and the existing 210 medical shops are also to be converted to this format.

 

Author :
Reported On :
Sector :
Shoulder :
RELATED NEWS
ABOUT IE
IE, the business magazine from south was launched in 1968 and pioneered business journalism in south. Through the 45 years IE has been focusing on well-presented and well-researched articles. When giants in the industry stumbled to keep pace with the digital revolution, IE stayed affixed embracing technology.
Read more
 
PRIVACY POLICY
Economist Communications Ltd is committed to ensuring that your privacy is protected.
Read more
TERMS AND CONDITIONS
You agree that your use of this Website and the purchase of the magazine will be governed by these terms and conditions.
Read more
 
CONTACT US
S-15, Industrial Estate,
Guindy,
Chennai - 600 032.
PHONE: +91 44 22501236
EMAIL: indecom1968@gmail.com