Pharma MSMEs Can Get Govt Help To Upgrade Facilities

New Delhi: The Department of Pharmaceuticals has proposed to offer financial assistance to micro, small and medium enterprises (MSMEs) to help them upgrade their facilities to ensure better quality of medicines.

“Under a central scheme, which is called Pharmaceutical Technology Upgradation Assistance Scheme, MSMEs can seek financial assistance from the government,” said Arunish Chawla, secretary, Department of Pharmaceuticals. “This will open a new window for MSMEs who have an opportunity to get some assistance and be able to get the quality certifications that are now mandatory.”

The health and family welfare ministry has made good manufacturing practices mandatory for pharma companies. A recent notification by the ministry covered the revised Schedule M rules for good manufacturing practices and requirements of premises, plant and equipment for pharmaceutical products, with provisions for an annual product quality review, risk management and a quality system.

In July last year, health minister Mansukh Mandaviya said that Schedule M should be made compulsory for the MSMEs in the pharma industry in a phased manner. The health ministry said drug manufacturers with an annual turnover of over 250 crore must comply with the standards within six months starting from August 1, 2023. Smaller companies will get one year, he had said.

Related Posts

Dr Reddy’s delays semaglutide supplies due to API issue

MUMBAI: Dr Reddy’s Laboratories’ plans to capitalize on the early generic semaglutide market have hit a setback after manufacturing issues delayed supplies of the blockbuster diabetes and weight-loss drug, forcing…

India Tightens Rules On Alcohol-Containing Medicines

New rules on alcohol in medicine: The Centre has brought oral medicines containing more than 12% ethyl alcohol and sold in bottles larger than 30 ml under Schedule H1 In…

Leave a Reply

Your email address will not be published. Required fields are marked *

You Missed

Dr Reddy’s delays semaglutide supplies due to API issue

Dr Reddy’s delays semaglutide supplies due to API issue

India Tightens Rules On Alcohol-Containing Medicines

India Tightens Rules On Alcohol-Containing Medicines

One more held in spurious plasma racket; police say he supplied 12 boxes

One more held in spurious plasma racket; police say he supplied 12 boxes

Wegovy, Ozempic regain weight as Indian generics fall behind

Wegovy, Ozempic regain weight as Indian generics fall behind

Drug regulator orders fresh safety labels for five common antimicrobials

Drug regulator orders fresh safety labels for five common antimicrobials

Rajasthan recalls labour-inducing drug after quality test failure

Rajasthan recalls labour-inducing drug after quality test failure