Lawstreet Journal

Madras HC Constitutes Committee to Boost Indian Pharma Sector; Raises Concern Over Heavy Dependence on Chinese Markets

Lawstreet Journal 13 Oct 2020 4:20am

Image courtesy: Lawstreet Journal Judiciary Madras HC Constitutes Committee to Boost Indian Pharma Sector; Raises Concern Over Heavy Dependence on Chinese Markets

The Madras High Court has expressed apprehension about India’s over-dependence on ’hostile neighbor’ China when it comes to the import of Active Pharmaceutical Ingredients (API).

This observation was made on the grounds that it hinders the nation’s response to security and other breaches by the neighbor. APIs are the ingredients in the medicine that play the major role of acting upon the illness. While India, which is regarded as a pioneer in pharmaceuticals, does not import medicines per se, the country imports APIs, which are the crucial ingredient in the drugs’ manufacture.

At one stage, even the National Security Advisor (NSA) has cautioned the Government of the danger to our national security on account of this excess import dependence from a single nation” the Court said. It is said that China is also the global leader in the production and export of APIs, which is enabled by government support and lower costs on various fronts.

The Court notes that the economic advantage of importing APIs from China has led to India losing its scientific-edge and self-reliance in APIs. It is said that China is able to sell its APIs to India at 25% of the cost that it would take to manufacture in India. “As a result, our country that had once built 99.7% self-reliance in APIs went on to import over 90% of its API requirements from China”, the Court said. “At one stage, even the National Security Advisor (‘NSA’) has cautioned the Government of the danger to our national security on… Continue Reading...


Tagged: Madras High Court  
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