Commenting on Budget 2015, Sanjay Murdeshwar, Managing Director, AstraZeneca Pharma India Ltd (AZPIL) says, “Overall, it is a positive and balanced budget. Increase in infrastructure investments, roll out of GST next year, single window in regulatory processes and phased reduction in corporate tax are steps in the right direction.”
Even though there is no direct impetus to the pharmaceutical industry, plans announced for the healthcare sector are welcome. Setting up of five new AIIMS across the country will help patients and medical education. Three more National Institute of Pharmaceutical Education and Research will play an important role in bridging the skill gap. The National Skills Mission is an excellent endeavour in this area. Improving accessibility to healthcare has been stimulated through raise in health insurance premium from Rs 15,000 to Rs 25,000. Rs 150 crore announced for scientific research is a positive move, though incentivising medical/pharma research would have helped trigger more R&D investments into the sector.
This is a positive start with more hits and not many misses, it remains to be seen how effectively it will be implemented.”
EP News Bureau – Mumbai