On 13JUN12, the Union Minister for Health and Family Welfare, Sh. Ghulam Nabi Azad has stressed on the importance of collaboration with the USA in food and drug regulation as this will provide exposure to the Indian regulators to international best practices in this area. Sh. Azad was speaking at the headquarters of the US Food and Drug Regulatory Administration (FDA) at Maryland. Sh. Azad is member of the high level Indian delegation visiting the USA.
The Indian food industry is estimated to be worth about USD 135 billion while the Indian pharmaceutical industry is worth about USD 20 billion. The latter is ranked third globally in terms of volume and 13th in terms of its worth.