'Indian Pharma Industry faces threat of takeovers'
New Delhi, May 4: An inter-ministerial task force has warned the Government of significant takeover threats for most Indian drug makers by their large foreign peers, and has asked it to proactively strengthen the pharmaceutical industry.
"Indian pharmaceutical industry being fragmented with small balance sheet sizes, takeover by global pharmaceutical companies would adversely affect the health interests of the nation," the task force has said in its recommendations to the Commerce Ministry.
It suggests that Indian Pharma industry faces the threat of being taken over by global biggies under the new IPR regime. And also suggested that there is a need to promote internal consolidation and develop stronger companies that have width and depth in market access, manufacturing and R&D.
The task force was brought together with the purpose of proposing 'Strategy for Increasing Exports of Pharmaceutical Products'.