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Cluster development to propel indigenous pharma manufacture & access global markets: Minister
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Nandita Vijay, Bengaluru
January 27 , 2021
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For the Indian pharma industry, cluster development approach is the best format to achieve overall economic development and the way forward to achieve the Atmanirbhar Bharat, stated Union Minister of State (MOS) for Micro, Small and Medium Enterprises (MSMEs) Pratap Chandra Sarangi.
Citing the example of Khadi industry which is now a national movement in textiles, Sarangi said that on similar lines cluster approach will spur employment opportunities and bring the capabilities in manufacturing for Indian pharma.
At an interactive session organized by Laghu Udyog Bharati, Karnataka Chapter (LUB-K) in Bengaluru, Sarangi said, “The MSME industry needs expansion and its scope is enormous. We need to think of ways to provide entrepreneurs their due, to improve market availability and access and to provide technology to them.”
The government understands the importance and contribution of MSMEs. Now, the time has come to be a self-reliant country and for this MSME can play a very important role in this mission of nation-building. We are increasing opportunities for this sector to reduce dependence on imports, and able to scale up operations to gain higher market share,” he said.
The MSMEs contribute 29.7 per cent to India’s GDP, accounts for 49.66 per cent of exports. And close to 45 per cent of the manufacturing output. Though the pandemic seriously impacted MSMEs, pharma industry showed its perseverance. However, the government too announced the Aatmanirbhar Bharat package aimed to help MSMEs survive the blow of the COVID-19 by infusing liquidity, he said.
According to Karnataka Minister for Medium and Heavy Industries Jagadish Shettar, the state is working to accelerate further development and job creation. The several initiatives specifically announced for the MSMEs will facilitate investments in advanced manufacturing, research and development and innovation as the aim is to create at least 2 million jobs across sector including biotechnology and pharma. Therefore the state government will support industries in cluster mode to ensure rapid growth and attract capital.
Stressing on the need for more technology adoption by the MSMEs for better efficiency and competitiveness, P S Srikanta Dutta, president, Laghu Udyog Bharati, Karnataka Chapter (LUB-K), pointed out, “MSMEs face several challenges, including technological obsolescence, supply chain inefficiencies, increasing global competition, uncertain market scenario, and lack of funding. Given these challenges, it is critical to focus on creating tech-efficient MSMEs that they make optimal use of the technology-enabled platforms.
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