The Role of GOI and EEPC in Promotion of India Pharma Machinery

Behind the exponential growth of the Indian pharmaceutical industry is the Indian Pharmaceutical Machinery Sector. This industry has been growing along with the Indian Pharmaceutical Industry. There has been tremendous increase in the demand for quality pharmaceutical machines with the increase in the demand for drugs and medicines . However, the Pharmaceutical Machinery Manufacturers are not only catering to the domestic markets but also to the international markets.

The pharmaceutical machinery sector has set up its market in  the US and European markets. Indian manufacturers have been manufacturing as per the international standards and have qualified all approaches when it comes to inspection or approval of their facility. This is one of the main reasons that India has the most FDA-approved facilities in the world.

The role of Government of India in encouraging the Pharmaceutical Machinery sector is highly commendable. However, the experts are of opinion that many more organizations need to get involved for further growth and expansion of this sector. The EEPC and Indian government should work hand-in-hand to facilitate small and medium scale manufacturers to export their products globally.

Foreign pharmaceutical machine manufacturers are willing to joining hands with the Indian Pharmaceutical Machinery Manufacturers to start joint ventures. So the EEPC and the Government should help manufacturers find effective ways to finalize these tie-ups. Regions like Latin America and Eastern Europe are reportedly the places with ample growth opportunities. Indian manufacturers are eagerly looking forward to gain entries in these regions. So India government's support can create a helpful environment for these aspiring manufacturers to venture into these regions.

Even in the subcontinent, there is ample scope of the Indian Pharmaceutical Machinery Products to do much better. Neighboring countries like Pakistan have placed Indian Pharmaceutical Machinery Products on the negative list. This can be a great loss for Indian machinery manufacturers- both belonging to the Pharmaceutical industry as well as the engineering sector in terms of growth . Government could intervene and remove the roadblocks affecting the sector and get the machinery products on the positive list, which will provide a great enhancement to Indian Machinery Exports.

In addition, the government should focus on setting up of specialized technical and engineering course as part of Curriculum of Pharmacy. This will provide interested students to get a clear idea on the Indian Pharmaceutical Machinery sector. This will encourage them to pass on their precious knowledge to the pharmaceutical industry.

Last but not the least, the government and EEPC should encourage Pharmaceutical machinery manufacturers to be part of various associations, delegations and bodies. They should be offered a platform where they can exchange their views and get new information. This will not just help them, but even the engineering sector and the government in the future. The Indian Government and EEPC should focus on strengthening the Indian Pharmaceutical Machinery Manufacturers stronghold in the subcontinent.