Andhra Pradesh - Hyderabad   

`Steps afoot to stem fall in export revenue'

Special Correspondent

HYDERABAD: Director-General of Foreign Trade B. S. Meena on Saturday assured pharmaceutical manufacturers that the Government was taking steps to contain fall in export revenue owing to strengthening of rupee against US dollar.

Addressing Pharmexcil (Pharmaceutical Export Promotion Council set up by the Ministry of Commerce and Industry), Mr. Meena said the Ministry of Commerce had already taken up the issue, a `short-term problem,' with the Ministry of Finance. Stating that counterfeit drugs from the country were invading foreign markets, Drug Controller-General of India (DCGI) M. Venkateswarlu said 50,000 samples of different drugs would be tested in six months. The manufacturers could, instead, test the samples collected from the markets and certify their genuineness or send them to the DCGI for testing.

Director-General of Drug Control of Andhra Pradesh R.P. Meena warned the manufacturers of stringent action if they indulged in making spurious drugs, a problem that was rampant in the State.

Concessions

Referring to the concession regime in States like Himachal Pradesh and Uttarakhand for establishing pharma industries, Mr. Meena said it was working against drug manufacturers in Andhra Pradesh. Some of them were making drugs here and labelling them in the States where concessions were offered. This was causing financial loss to the State Government. He urged the Centre to extend the same concessions to interior parts of Andhra Pradesh.

Printer friendly page  
Send this article to Friends by E-Mail

Stories in this Section

Fake encounters draw criticism
TDP yatra against Babli flagged off
Re-dedication Day: traffic diversions in city
Johri to submit report to court
Singapore to import food from State
Career counselling in June by The Hindu Education Plus
YSR dubbed anti-farmer
UP polls: Naidu sees scope for Third Front
`Steps afoot to stem fall in export revenue'
Plan to have integrated hostels only in State
ECET-2007 hall-tickets dispatched
Four CNG-run mini buses introduced in zoo
Man killed following tiff over money
ICET-2007 goes off smoothly
Separate cell for Telugus
Verify GHMC poll rolls: Lok Satta
CNG-run mini-buses introduced in zoo
Man found murdered
Around the City
In Hyderabad Today

Copyright © 2007, The Hindu. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu