Editorial October-2019 Pharma - Suitable
25 Jan 2020
The Pharma Industry in India needs to act now to win back the trust it lost. A survey states that 70% of responders who lived in India trusted the brands which were prescribed b their doctors while 80% of those who lived in a high-income country voted for cheaper brands recommended by their pharmacists.
Ranbaxy, an Indian company claimed the shelf life of the drug co-amoxiclav suspension was 24 months whereas tests showed it to be only 18 months. This rendered a good percentage of this antibiotic, given to children to treat ear infections, still circulating in the market to be ineffective. In 2012, regulators in Ghana found that all ergometrine tablets and half the oxytocin samples, sourced principally from India and China, didn’t have any effects. This might as well have been a death sentence to women suffering from postpartum haemorrhage.
Katherine Eban, investigative journalist writes about the startling discovery by an FDA investigator of substandard insulin manufactured by the Indian company Ranbaxy. Eban describes the utter disregard the company had for the people that consumed these harmful medicines. While the exported material is of high standard thanks to the vigilance of foreign regulatory bodies, the quality of drugs within India remains questionable. Lax regulatory policing in India permits the use of lower quality ingredients and recourse in manufacturing short-cuts.
Dyestuff sector is one of the core chemical industries in India. It is also the second highest export segment in chemical industry. The Indian dyestuff industry is made up of about 1,000 small scale units and 50 large organized units, who produce around 1,30,000 tonnes of dyestuff. Maharashtra and Gujarat account for 90% of dyestuff production in India due to the availability of raw materials and dominance of textile industry in these regions. The major users of dyes in India are textiles, paper, plastics, printing ink and foodstuffs. The textiles sector consumes around 80% of the total production due to high demand for polyester and cotton, globally.
At present, India contributes about 6% of the share in the global market with a CAGR of more than 15% in the last decade. The dye markets are mostly dominated by reactive and disperse dyes. The demand for reactive and disperse dyes is expected to grow in future as these two dyes are dominant in all the regions. The demand for reactive and disperse dyes are common in all the regions whereas disperse vat and other dyes are stagnant. In the Asian region, China, Korea and Taiwan are strong players in disperse dyes, while India leads in the production of reactive dyes due to an availability of intermediate vinyl sulphone in the country.
After getting tremendous response from previous editions, RedCarpet365 Ltd is organizing 5th Bangladesh Int’l Dyes, Pigments and Chemicals Expo 2019, from 07 to 10 November 2019 at International Convention City Bashundhara - ICCB, Dhaka – Bangladesh. Dyes, Dyestuffs, Pigments and all kind of Chemicals - Manufacturer, Suppliers & Exporters from Home & Abroad will participate at this mega exhibition. Targeting the entire Textile, Garment & Apparel industry of Bangladesh, we have 3 concurrent expos - 5th Bangladesh Int’l Garment & Textile Machinery Expo, 5th Bangladesh Int'l Printing, Packaging and Signage Expo and 5th Bangladesh Int’l Dyes, Pigments and Chemicals Expo. Chemical Market Magazine is a media partner with the exhibition and looking forward to attending it this year.
Our new LEADS Platform chemicalmarket.net has been launched and is ready to succeed all around the globe. We have introduced Product Catalog, Buy and Sell Leads & Priority Leads which is a simple portal for people and companies in the chemical industry.
You can also find our magazine available on the portal alongside events, conferences, latest news, interviews, reports and; chemical prices subscription models. Visit our new portal ChemicalMarket.net ; please drop in your reviews.
Other Important News Articles More