India's Pharmaceutical Industry: A Formidable Aid To The World

U.S President's Emergency Plan for AIDS Relief (PEPFAR), Clinton Foundation and other medical institutes and foundations around the world use these drugs from India.

Peoplein high places around the world laud the India’s effort at supplying medicines and helping about curing them. Bill Clinton is one of them who publicly lauded the efforts of Indian generic pharma companies like Cipla and Ranbaxy to supply cheap drugs to HIV AIDS patients in Africa.

After all this knowledge, the Indian pharma industry stints it’s time to know about the reasons of its inception which made it possible.

The pharmaceutical reforms act in 1970 that chided out two provisions thwart the companies on their stands and rise to stabilize them in the world market.

The first was to allow patenting of the process, not the product (the drug). The second was the shortening of the life of pharmaceutical patents.
Read Also:
Black Money: HSBC India At Centre Of Fresh Tax Evasion Claims
4G Will Revolutionize Telecom Sector, Help Growth: Prasad