NITI Aayog Member VK Saraswat Bats For An Independent Ministry For Pharmaceutical Sector

In a bid to expand and consolidate the efforts for the growth and development of India's booming pharmaceutical sector, NITI Aayog's member VK Saraswat has called for the creation of a dedicated and independent ministry, reports Economic Times.

“There is a need for creating an independent ministry for pharmaceuticals. Time has come to expand and consolidate efforts in the pharma sector,” Saraswat said on Monday.

Saraswat emphasised that India needs a targeted regulatory regime, investor-friendly environment, innovative model of land acquisition, expansion of India’s skilled workforce and upskilling the existing workforce.

Saraswat also pressed on the need for India to achieve self-reliance in the production of active pharmaceutical ingredients (APIs) and spoke in the favour of restarting the old API manufacturing units in the nation.