Ad Here  
Towards peace of mind Need to focus on ease of doing business... Big-ticket investments march towards Punjab ALL – truck industry is recovering from degrowth Economic issues take a back seat at G20 summit Airlines wage price war SumInfra- corridor based development... Hero Motocorp - smooth ride TiE applauds innovative entrepreneurs Research needs more funding Indigo stays leader with 40 per cent share Industry-well poised to invest on expansion AirAsia India infuses funds to fight out competition Four daughters and a proud father Economic, business and social sustainability Durga - India’s largest blast furnace; now operational ECGC expands operations Curbing steel imports will hurt small business... An American alliance in the chemical industry? Brand leaders come forward... Realising double digit growth in Tamil Nadu People Flow Day- Safety Secured NCDs from Shriram City Rating of states to be released soon Veritas Finance- financing the unfinanced ALL-two launches in a row ALL to launch electric busses LVB gears to become a financial supermarket Murugappa- a year of consolidation Smart controls for cooling large multi-zone spaces ... OBO Bettermann for better lightning protection Focus on self-certification and third party inspection Indian Bank – global businesses crosses Rs 3 lakh crore... Business Briefs STFC raises money Investor friendly Japan Striking cords for 25 years… An aerospace-defence cluster in Tamil Nadu… TVS Logistics – another acquisition to sharpen the business model Pharma market dozes Innovation that helped Chennai port Automotive Vision Plan II... A global plastic event in India Bridging the skill deficit in pharma industry TOP 10 CEO Compensation Well-refined – RIL’s refinery margins zoom Business Breif Waste, a gold mine Tata Steel commence operations at Kalinganagar IFCI to raise NCDs upto Rs 2000 crore More gensets and diesel engines from TAFE Strategy war escalates between Hero and Honda Hyundai excites again Nigeria comes nearer Creating Tamil Nadu Banana brand Flexible labour laws… Backpack laboratory Steel loses its sheen CUB: towards card-less withdrawal TN budget pragmatic and moderate on fiscal deficit Connecting the unconnected European crisis is a global crisis! Downsizing spree... Digital retail transactions stabilise at higher level… Changing dynamics in human resource management Make way for the new and dynamic railways World labour laws at a glance Holiday Inn opens in OMR Chennai Chennai Port is at last decongested! Auto test tracks launched at GARC Oragadam campus The new look- 4s Verna Three more leather clusters… Purdue and IIT-M sign the dotted line Reality bytes TII’s single largest investment at Thiruthani Techies trip to India Chola MS launches motor app Chennai will soon get its World Trade Centre Realty sector takes a break... Chennai to get a roundabout Metro TII-challenging year with flat growth WABCO’s second Chennai plant Gem of social service... Sun Edison launches solar pumps Is Indian telecom industry heading for a monopoly? - Nothing to hide... Ridley marathon to India Time to fast-pace the logistics sector Apple maps – finding its way TCS’ revenues cross Rs 100,000 crore Scoot offers just Rs.13,500 to ANZ... On the ‘milky’ way Placing the right shoe forward... BRICS development bank Illicit markets a concern to growing economy Applauding enterprise... When Centre visits the state Carrefour’s quick exit Blue Star plans a new plant in south Housing Innovation Challenge, 2015 Dynamic e-commerce scenario Inclusive and forward moving... Celebrating 180 years of relevance ISRO's 100th mission Schwing Stetter India joins hands with US-based Gomaco Climate change may change the way businesses work... Chola MS net crosses 100 crores Celebration time at MS Chola Adding Zest to Scooty
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 :
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
Economist Communications Ltd is committed to ensuring that your privacy is protected.
Read more
You agree that your use of this Website and the purchase of the magazine will be governed by these terms and conditions.
Read more
S-15, Industrial Estate,
Chennai - 600 032.
PHONE: +91 44 22501236