Government to double the count of drug regulators
The Government of India will spend around Rs 3,000 crore to take the number of drug regulators to 1,000.
Mumbai, May 21, 2014: The Government of India plans to spend close to Rs 3,000 crore in order to double to number of drug regulators to 1,000 in the coming three years and set up testing labs at ports. The efforts are expected to ensure that the pharmaceutical export shipments meet the global quality standards.
This announcement was made by Dr G N Singh, Drugs Controller General (India) at iPhex 2014. He said the central government will be spending over Rs 3,000 crore in the next three years (under the 12th Plan) towards enhancing the capacity of the regulators both at the Centre and state levels.
The number of regulators is expected to increase from 500 to 1,000 at the Centre while close to 3,000 regulators will be deployed at the state levels. Dr Singh also said that the Indian regulatory system works at a dual level – Centre and state levels – and will be par with the world standards in the coming two to three years and the US in the next three to five years.