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Government frees five bulk drugs from PSU clutches

The Cabinet Committee on Economic Affairs today approved delicensing and dereservation of five bulk drugs.

The five drugs being delicensed and dereserved are vitamin B1, vitamin B2, tetracycline, oxytetracycline and folic acid.

These drugs were so far reserved for manufacture by the public sector.

Information and broadcasting minister Pramod Mahajan said in New Delhi that this measure approved by the Cabinet was expected to encourage setting up of indigenous facilities and give a boost to production.

These drugs have been under reservation since 1978.

The measure is also expected to reduce imports of the drugs and give a fillip to the domestic industry.

The public sector IDPL has gone sick, prompting the government to go in for imports.

UNI

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