Page 20 - IMDR JOURNAL 2020-21

IMDR’s Journal of Management Development and Research 2020-21

up the good work of making India – a self-reliant to boost the domestic pharma industry for local
nation and help India grow as a global player in production of drugs. According to the officials,
health and pharmaceutical industry. He also added the domestic pharma industry has the potential to
that we should make full use of the upcoming manufacture the drugs and supply it domestically as
and latest technology like 3G, 4G and Artificial well as globally. This way, India can become Aatma
Intelligence (AI) for healthcare and pharma sectors. Nirbhar and at the same time a global player in the
According to the minister, the pandemic as well as Pharma Industry.
the on-going period has made the pharmaceutical
industry to stretch the limits of manufacturing.
In his address for the event ‘The India Pharma References
2021 & India Medical Device 2021’, the Union 1. https://www.organiser.org/Encyc/2020/7/4/
Minister for Chemicals and Fertilizers – Mr. D. V. Swami-Vivekananda-s-vision-of-Self-Reliant-
Sadananda Gowda emphasized that the government India.html
is also trying to reduce the regulatory burdens on 2. https://www.thehindubusinessline.com/
pharma industry to encourage the local pharma economy/indian-pharma-industry-to-play-a-
businesses. major-role-in-atmanirbhar-bharat-says-goyal/
article32401055.ece
Conclusion: Overall, the government is trying

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