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FDI, Make in India, pricing regulation to improve pharmaceutical sector

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Bengaluru: Union Chemicals and Fertilizers Minister Ananth Kumar on Thursday said that pricing regulation, FDI policy and ‘Make in India’ campaign as the three important initiatives taken up by the Narendra Modi government for the pharmaceutical sector.

“The union cabinet has given its approval to amend the existing FDI policy in the pharmaceutical sector in order to cover medical devices. The cabinet has allowed FDI up to 100 per cent under the automatic route for manufacturing of medical devices subject to specified conditions,” he said at the India Pharma & India Medical Expo 2016 here.

Ananth Kumar is a member of the Indian political party BJP. He represents the Bangalore South Lok Sabha constituency in Karnataka where he has been elected six times consecutively. He assumed office as Chemicals and Fertilizers Minister in 2014 in Prime Minister, Narendra Modi’s cabinet.

Ananth Kumar said drugs and pharmaceuticals sector attracted cumulative FDI inflows worth $12,813.02 million between April 2000 and December 2014, according to the data provided by the Department of Industrial Policy and Promotion (DIPP).

The expo supported by the commerce ministry, EEPC and Pharmexcil, hosted buyers from 18 nations.

Jointly organised by the department of pharmaceuticals and industry body Federation of Indian Chambers of Commerce and Industry (FICCI), the expo saw participation from 60 CEOs, 50 senior officials from embassies and consulates and over 100 international delegates among others.(IANS)

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Submarine INS Kalvari Commissioned by PM Modi : Best Example of Make in India

INS Kalvari is the first of the six Scorpene-class submarines handed over by shipbuilder Mazagon Dock Limited, real boost to Make in India project

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INS Kalvari, Indian Army
INS Kalvari, Indian Navy (Photo: Twitter/Indian Navy)
  • “INS Kalvari is a great example of ‘ Make in India ‘. I would like to congratulate everyone associated with this submarine,” PM Modi said. PM Modi also thanked France for its co-operation

    In Mumbai PM Modi has commissioned scorpene-class submarine INS Kalvari into the Indian Navy. INS Kalvari has been named after the maritime force’s first-ever underwater craft.

The commissioning ceremony was attended by Prime Minster Narendra Modi, Defence Minister Nirmala Sitharaman, Chief of Naval Staff Admiral Sunil Lanba, Maharasahtra Governor Ch Vidyasagar Rao, Maharashtra Chief Minister Devendra Fadnavis, other senior Indian Navy officers, and delegates from France.

The Scorpenes are being built by the Mazagaon Dockyard Ltd under Project 75 with transfer of technology from a foreign collaborator — DCNS of France.

INS Kalvari
INS Kalvari is named after the dreaded tiger shark (Photos: Twitter/Indian Navy)

INS Kalvari : Proud Moment for Indian Navy and Entire Country

It is a proud moment for the the entire country as the submarine is a prime example of flagship program of PM Modi government’s ‘ Make in India ‘ project. The special combat features of the Scorpenes include superior stealth and ability to launch crippling attacks with precision-guided weapons. The attacks can easily be carried out with torpedoes while submerged or on the surface, making it a deadly weapon.

Facts about INS Kalvari

  • The submarine has a length of 67.5 metre and a height of about 12.3 metres. The hull form, fin and hydroplanes are specifically designed to produce minimum underwater resistance.
  • The boat has 360 battery cells, each weighing 750 kg, to power the extremely silent Permanently Magnetised Propulsion Motor. The stealth of the boat is further enhanced through the mounting of equipment inside the pressure hull on shock absorbing cradles.
  • This is first of the six Scorpene-class submarines to handed over by MDL. The six submarines are being built as part of the Rs 23,652 crore “Project-75” of the Indian Navy.

“The technology utilised in the Scorpene has ensured superior stealth features such as advanced acoustic silencing techniques, low radiated noise levels, hydro-dynamically optimised shape and the ability to launch a crippling attack on the enemy using precision-guided weapons,” an official of the MDL said.

It is really very positive to see Make in India boosting the defence sector. INS Kalvari will surely add more strength to mighty Indian Navy.

– by Shaurya Ritwik, Shaurya is Sub-Editor at NewsGram and writes on Geo-politcs, Culture, Indology and Business. Twitter Handle – @shauryaritwik

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