ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Little Points on Rural Banks

in India initially by local formulation of imported active ingredients and gradually the manufacture of the very ingredients at least in some areas" (p 36) or the Indian pharmaceutical sector "was organised and built up on the basis of imported technology" (p 40) convey a very misleading idea about the Indian pharmaceutical industry which actually has a tradition of indigenous development of technology. Production of many essential drugs, like Dapsone, INH, PAS, Tolbutamide, etc, was initiated by domestic firms in India followed by MNCs. Moreover, a large number of other drugs, for instance, Sulphacetamide, Metronidazole, Paracetamol, etc, are produced by Indian firms without any foreign technical or financial help. Of course, the MNCs dominate the industry but that does not necessarily imply the absence of indigenous technological capability.

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