Igniting Passions for Developmental Strides

This refers to your cover story on pharma industry ( Pharma’s Next Gen, May 21). The strategic plans and actions of the youngsters in successfully taking the baton of responsibilities involving diagnosis of issues, entrenching prognosis of market conditions, and practical wisdom and expertise will help other companies to revisit their portfolio of products and catalyse positive interventions accordingly. The new-age industrialists offer a healing touch to their operations, lead the lamps of insightful ideas of their forefathers-cum-founders and ignite innovative passions for developmental strides. They get to the bottom of the issues and show a clean pair of heels in the midst of the business risks and market difficulties. The isolation of Indian pharmas by the US Food and Drug Administration’s conditional obligations, including their unilaterally reserved right to inspect our manufacturing facilities for approval of their formulations, militates against the World Trade Organization’s trade norms under the aegis of globalisation. The Centre must take up this issue in WTO forum to redress this conundrum. The full treatment of the collective issues of Indian pharma in the course of the study of these representative companies by Business Today will definitely impart Midas Touch to their right endeavours.

B. Rajasekaran, Bangalore