×
Home Companies Industry Politics Money Opinion LoungeMultimedia Science Education Sports TechnologyConsumerSpecialsMint on Sunday
×

NCR to have a drug protection authority: Assocham

NCR to have a drug protection authority: Assocham
Comment E-mail Print Share
First Published: Sun, Feb 10 2008. 10 55 AM IST
Updated: Sun, Feb 10 2008. 10 55 AM IST
New Delhi: Sale of fake and spurious drugs in the NCR region to the extent of Rs300 crore annually continues to be unabated, having increased by over 25% in 2006-07, according to a survey carried out by Assocham amongst drug manufacturers.
For traders manufacturing fake drugs, the profits margins are very high with no apparent risk. These fake drugs are available in popular over the counter medicines like Crocin, Voveran, Betadine, injections of calcium and syrups like Cosavil.
According to the study the fake drugs business is thriving in government hospitals in NCR where their availability has gone up by 10-15%.
Mr DS Rawat, secretary general Assocham said that along with a regulatory authority a large sample survey needs to be carried out in different parts of the country to understand regional and cultural factors that have led to this ‘boom’.
Key Findings
* NCR has limited drugs inspectors to monitor over 3300 chemists
* Over 30% chemists are based in small areas of NCR
* With limited routine checking by drug inspectors, these chemists store large stocks of spurious and fake drugs, most of which get purchased by the uneducated poor
* NCR has very few laboratories with proper infrastructure that can ensure an effective monitoring mechanism
* Intensification of spurious drugs in the region has severely impacted original drugs manufacturers annual turnover by about 25% in Ghaziabad, Meerut, Noida, Faridabad, Gurgaon and Sonepat
* Designated agencies that have been created to keep strict watch and take punitive action to penalize fake drugs manufacturers in the NCR have been ineffective in stemming the trend
* An estimated Rs15,000 crore worth of fake and counterfeit drugs are widely disbursed across the country
* Other pockets within NCR where counterfeit drugs are sold with impunity include Mohan Nagar, Dadri, Surajpur, Suburb of Faridabad, Gurgaon and Haryana; Bahadurgarh, Ghaziabad, Aligarh, Bhiwadi, Ballabhgarh, Sonepat, Hisar and Punjab which have factories that are located close to the bordering areas to access bulk supplies in the NCR region without any fear of being caught
* Reasons for increase in sale of fake drugs in NCR is attributed to shortage of drug inspectors and proper lab facilities to check purity of drugs, storage of spurious drugs by chemists, weaknesses in the drug distribution system, large number of uneducated workforce in NCR and lack of enforcement
* Most fake drugs makers evade excise taxation, VAT and local levies
Comment E-mail Print Share
First Published: Sun, Feb 10 2008. 10 55 AM IST
More Topics: Fake drugs | Assocham | NCR | chemists | patients |