Hindustan Times (Delhi)

Import of growth drug oxytocin may be banned to curb misuse

- Teena Thacker teena.t@livemint.com

NEW DELHI: The government is likely to ban the import of controvers­ial growth drug oxytocin in a bid to curb its misuse by dairy owners and farmers who use it to boost milk production and increase size of vegetables.

The government’s top drug advisory board—the Drug Technical Advisory Board (DTAB)— in a meeting on February 12 recommende­d various measures to check widespread misuse of the hormone boosting drug.

Oxytocin is a controvers­ial hormonal injection that is used widely in the dairy industry, agricultur­e and horticultu­re.

Authoritie­s are also concerned that the misuse of this growth booster is reported among trafficked children, injected to accelerate puberty among girls.

“The members of DTAB agreed to prohibit the import of oxytocin and its formulatio­ns for human use as well as animal use under section 10 of the drugs and cosmetics act 1940,” according to the minutes of the DTAB meeting, reviewed by

Oxytocin is a uterine stimulant hormone, prescribed for the initiation of uterine contractio­ns and induction of labour in women and stimulatio­n of contractio­ns during labour. It is also used to help abort the foetus in cases of incomplete abortion or miscarriag­e, and control bleeding. Anytime when people think that the end goal of entreprene­urship is to raise capital, I think they are completely mistaken.

The raising of capital is the means to building a successful business/start-up that will create thousands of jobs and also create value for shareholde­rs, and not the end. Sometimes, just the fundraisin­g event becomes newsworthy, which I believe shouldn’t be. Fundamenta­ls of building businesses do not change. In some way, having Yes, funding does make difference and gives you a competitiv­e advantage, but is one of many components. In the end, how much funding you have, will not decide what you would end up being as a company. There are many elements that go into build- I often tell people that to build a start-up of value takes somewhere between 7-10 years at least. Sometimes, it might be sooner than that and many times, it could take more than that, but that’s the normal kind of time frame.

Newspapers in English

Newspapers from India