India well-positioned to become innovation-led pharma giant in next 5 years: CDSCO

New Delhi: India is well positioned to evolve from being the pharmacy of the world to an innovation-led pharma nation over the next five years, said Dr R Chandrashekar, Joint Drugs Controller, the Central Drugs Standard Control Organization (CDSCO).

He was speaking at the three-day 18th CPHI & PMEC India, being held in Greater Noida, from November 25 to November 27.

“The government and CDSCO reforms, such as streamlined approvals, reduced regulatory layers, decriminalisation of non-serious offences, and the recommendation of R&D projects worth Rs5,000 crore. The newly launched hospital finance scheme of Rs1,00,000 crore further strengthens the country’s R&D landscape,” Chandrashekar said, while addressing the media.