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

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High Technology in Drugs

'High Technology' in Drugs THIS has reference to the article "Pharmaceutical Industry: In Quest of 'High Technology'" (EPW, September 30. 1978). It is no doubt true, as the author of the article says, that the new drug policy of the Government of India has mi necessarily raised an issue of great controversy by the introduction of the concept of 'high' technology for the maintenance of a higher level of foreign equity by the multinationals. In fact, the concept militates against the FERA guidelines in so far as no such distinction between 'high' and 'low' technology products has been made in tho case of the other 18 core sector indus- tried in the guildines. Under RA, only trading companies are re- quired to bring down their equity to 40 per cent forthwith, while others, including those producing low technology items like food-products, biscuits and tooth-paste are allowed to bring down their equity in stages. Even so, any definition of 'high

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