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HLL Lifecare Steps Into Retailing Of Medical Devices

PUBLIC sector HLL Lifecare Ltd, which is emerging as a full-spectrum healthcare company beyond its mainstay portfolio of contraceptives, has ventured into the retailing segment to sell medical devices and essential drugs.

The Kerela-based PSU has set up its first one-stop speciality retail outlet, Lifecare Centre, at the Thiruvanthpuram Medical College Hospital, in collaboration with the State Health Department recently.

The Outlet, setup in the Kerala MCH, will offer surgical implants, surgical consumables, essential medicines, and many life saving drugs at affordable rate to the public. In the first phase, orthopaedic implants and instruments will be made available and later on, other devices and drugs will be offered.

“HLL has been instrumental in bringing in many innovations in the area of life sciences.”

The Lifecare Centre is first of its kind onestop specialty retail outlet for medical devices and essential drugs in the country.

Apart from its wide range of contraceptives including female condoms and pills, its portfolio now also included blood collection bags, surgical sutures, auto-disposable syringes, in-vitro diagnostic test kits, pharma products for women, natural products, tissue expanders, blood banking equipment, transfusion equipment etc.

(Ref: The Chronicle Pharmabiz, October 06, 2011)


PC Puts Pharma, Medical Devices As Priority Sectors For 12th Plan

The Planning Commission (PC) has placed pharmaceuticals and medical equipment sectors as priority areas where India is enjoying a definite competitiveness and having a higher potential to contribute to the overall contribution of the manufacturing sector during the next Five year plan period.

As part of preparing the plan for the 12th Plan period, the planning panel has also listed the medium and small scale sector, including all segments like pharmaceutical, as key drivers for the growth and called for definitive pro-active policy changes to encourage them.

Enabling of Institutes for MSME, making access to capital and credit, providing support for technology and productivity, assistance for marketing and production inputs, and development of clusters have been suggested for the pharma medium scale and small scale sector.

The specific task force for the pharmaceutical sector was evaluating the suggestions and demands forwarded by the respective government departments, agencies and other stake holders. The task force would soon submit the report incorporating the programs to boost the sector during the next FYP period, source said, without further disclosing on the schemes under consideration.

“SMEs provide the foundation for manufacturing sector in all large manufacturing countries, whether Germany, Japan, the U.S.A. or China. Even in India, SMEs have been a major contributor to generation of employment within the manufacturing sector, and even to its exports. India has rightly abandoned the approach of reserving sectors for its SMEs and in its place it had adopted the more sustainable approach of nurturing competitive SMEs. SMEs absorb technologies and improve their productivity most effectively within Industrial cluster around larger enterprises, preferably linked with technology institutes. A strategy for growing innovative and competitive manufacturing enterprises , small as well as large one in India must be there to simulate the growth of dynamic clusters,” according to the approach paper by the Plan panel.

The Eleventh plan has targeted growth in manufacturing at 10 to 11 percent but actual performance will be only about 7.7 percent. It is a matter of concern that manufacturing sector has not shared in dynamism of the economy not just in the 11th plan, but even in preceding plan periods. As a result, the share of the manufacturing sector in GDP is only 15 percent in India, compared with 34 percent in China and 40 percent in Thailand, it said.

(Ref: The Chronicle Pharmabiz, September 08, 2011)

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