PM inaugurates First Global Innovation Summit of Pharmaceuticals sector
Prime Minister Narendra Modi has stressed on the vision to create an eco-system for innovation which will make India a leader in drug discovery and innovative medical devices.
The Prime Minister today inaugurated the First Global Innovation Summit of the Pharmaceuticals sector through video conferencing. He said Indian Pharma Industry is a key driver of the country’s economic growth.
Highlighting the role of the Indian pharma sector during the Covid-19 pandemic, Mr. Modi said, the Indian pharmaceutical industry has also risen to the challenge. He said the global trust earned by the Indian healthcare sector has led to India being called the pharmacy of the world in recent times.
The Prime Minister said India exported life-saving medicines and medical equipment’s to over 150 countries during the initial phase of the pandemic. He said, more than 65 million doses of Covid vaccines have been exported to nearly 100 countries. Mr. Modi said, our definition of wellness is not limited by physical boundaries but India believes in the well-being of the entire humankind. He said India has shown this spirit to the whole world during the Covid-19 global pandemic.
Chemical and Fertilizers Minister Dr. Mansukh Mandaviya was also present on the occasion. Union Health and Family Welfare Minister Mansukh Mandaviya said India is focusing on innovation and R&D of finished products in the pharma sector. He said India has announced various PLI schemes for the pharma sector which will make the country self-reliant in the pharma and medical equipment sector.
The two-day Summit will have 12 Sessions and over 40 national and international speakers will deliberate on a range of subjects including the regulatory environment, funding for innovation, industry-academia collaboration and innovation infrastructure. Leading members from domestic and global pharma industries, officials, investors and researchers from Massachusetts Institute of Technology, John Hopkins Institute, IIM Ahmedabad and other eminent institutes will participate in the summit.
