Pharma industry upbeat but cries foul over ignoring research

Chidambaram, P.
March 2008
Chemical Business;Mar2008, Vol. 22 Issue 3, p30
Trade Publication
The article focuses on the reduction in the excise duty in the pharmaceutical industry in India in 2008. According to Daara B. Patel of the Indian Drug Manufacturers Association (IDMA), cutting excise duty will help small-scale industry units that are on the verge of collapsing if not yet closed. K. Satish Reddy of Dr. Reddy's Laboratories Ltd., cites that the excise duty cut would be largely passed on by the industry to the consumer and there will be an immediate benefit to patients.


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