CHINESE CRACKDOWN CRAMPS INDIAN DRUG COS
Article Abstract:
To check on smuggling of drugs and also to indigenise pharma products production, the Chinese authorities have taken twin steps. First it has tightened the regulatory frame work by reducing the grant of Import Drug Permits (IDPs) and secondly tightened the security to check smuggling of drugs via Hong Kong. Indian and other drug companies were allegedly misusing the IDP documents by clearing the material using the same batch number frequently taking advantage of large number of entry points into China. Now it takes 10 months (minimum) to get an IDP. China had been the target market for many Indian drug companies such as Ranbaxy, Lupin Labs, Orchid Pharma and Kopran. Cipla, which had a MoU for setting up a joint manufacturing venture, will have to depart now since it is not given a manufacturing licence. (um)(psr)
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1999
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HOUSING FINANCE: HOME-A LOAN
Article Abstract:
India is expected to face a housing shortage of over 40 million units by 2000 AD, which requires an investment of Rs150,000 crore. The growth of housing finance companies (HFCs) in India has been stunted mainly due the lack of long term funds at competitive rates. Out of the HFCs registered with the National Housing Bank, only 26 have got approval for refinance. The demand for houses is not picking up due to the taxes and duty structures along with higher property prices. (khr)
Publication Name: Dalal Street Journal
Subject: Business, international
ISSN:
Year: 1998
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