Drug cos may gain from polluting status review

Image
P B Jayakumar Mumbai
Last Updated : Jan 29 2013 | 3:15 AM IST

A segment of drug companies such as tablet and capsule makers may benefit from the government’s move to review polluting status of these companies, which may help them save costs on pollution control equipment.

Presently, the pollution control norms treat both bulk drug industry (basic active ingredient makers) and formulators alike causing considerable hardships for liquid drug, tablets and capsule makers, said industry sources. A mid-sized company often spends more than Rs 1 crore on pollution control equipment.

The Central Pollution Control Board (CPCB), bowing to demands of the industry, is considering a review of the polluting status of tablets and capsule makers as they are a less polluting industry. According to informed industry sources, the CPCB is actively considering a survey and inspection of about a dozen pharmaceutical units in the medium and large scale units to consider the issue.

“We have been informed by the pollution control board authorities that they will inspect a dozen drug firms to study the matter, and if satisfied, will consider moving them to the ‘Green’ category of non-polluting companies,” said T S Jaishankar, chairman, Confederation of Indian Pharmaceutical Industries, a grouping of state-level small scale drug firm associations.

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Dec 02 2008 | 12:00 AM IST

Next Story