Times of India | 5 days ago | 06-08-2022 | 09:52 am
AHMEDABAD: New pharma plants in Gujarat which have been built to cater to European markets have been waiting to get European Union Good Manufacturing Practice (EUGMP) licences for a long time. Industry sources said the European regulator has a huge backlog and the new plants will get licences only next year. Indian Drug Manufacturers’ Association president Viranchi Shah said: “Gujarat pharmaceuticals industry got a level playing field after the implementation of GST in 2017 and estimates suggest that about 240 new plants came up since then.” Shah added: “Of these, 40% of the plants have been built with the focus on European markets. However, since the Covid outbreak, the EU Drug Regulatory Authority has not conducted any inspection and so these plants have not received EUGMP licences.” Shah went on to say: “These units have invested about Rs 5,000 crore and are not recording the desired profitability because of the delay in the process.” However, he said that the Gujarat-based companies have found options and are supplying medicines to domestic and African markets. “Many units have started producing generic medicines and have been taking up contract manufacturing as well,” Shah said. “We hope these units will get the EUGMP licences soon. Then our exports to the EU will increase from the current 18%.” Ahmedabad-based Corona Remedies Pvt Ltd established a new plant near Bavla with an investment of about Rs 100 crore and started production last year. Corona Remedies director Nirav Mehta said: “We applied for the EUGMP licence in September 2021. Generally, a regulatory authority team visits the plant within six months of the application, but an inspection has not been carried out so far.” Mehta added: “We hope to get the EUGMP licence by the end of this year or the beginning of 2023. We have continued to supply to the domestic market and when we get the EUGMP licence, we will start exporting to Europe.” According to sources, the EU Drug Regulatory Authority will prioritize renewals of licences once it starts inspections and after that the process to issue new licences will begin. Kadi-based Pashupati Group has ventured into the pharma business with Uniza Healthcare and has set up a plant with an investment of Rs 35 crore. The plant is of EU standards, the group said. “Currently, we export our medicines to 12 countries in Africa, Latin America, and Southeast Asia. As the visits of the EU Drug Regulatory Authority teams are not happening, we have not applied for the EUGMP licence as of now,” said Saurin Parikh, the MD of Uniza Group. “We have decided to apply for the EU licence only after the teams start inspections in India.”
AHMEDABAD: The city in the past 15 days recorded 4,228 Covid cases and 10 deaths. In the previous fortnight, the city had recorded 4,188 cases and nine deaths. Thus, there has been no major rise or fall in cases or deaths in the city. On the other hand in Gujarat, Covid cases increased by 15% from 11,577 to 13,269 and the deaths of Covid patients increased from 16 to 21, accounting for a 31% rise. The daily cases included 189 from Ahmedabad city, 61 from Vadodara city, 41 from Gandhinagar, 35 from Surat city, 33 from Vadodara, and 28 from Gandhinagar city. Active cases reached 1,769 in Ahmedabad and 5,321 in Gujarat. The state in 24 hours vaccinated 1,362 persons for the first dose and 3,308 for the second. In all, 5.43 crore have been administered the first and 5.38 crore the second dose of Covid vaccines. The state administered booster doses to 16,494 senior citizens, taking the total to 50.49 lakh. The state also administered 1.72 lakh booster doses to the 18-59 age group, taking the total to 62.34 lakh.
NEW DELHI: ITC Hotels on Wednesday opened its premium luxury ITC Narmada in Ahmedabad. The hospitality major says ITC Narmada is Gujarat’s first LEED Platinum certified hotel, its 15th luxury collection hotel in India and its 12th property in Gujarat. ITC says the 291-room, 19-storey “celebrates the spirit of Gujarat”. ITC chairman Sanjiv Puri said: “It gives us immense pride to present ITC’s signature hospitality landmark, ITC Narmada in Ahmedabad. Building on the legacy of ITC’s iconic hotel properties in India, ITC Narmada is a befitting tribute to the rich heritage, grandeur and vibrant culture of Gujarat. It is also the first hotel in the State to receive the LEED Platinum certification for its sustainability and environmental stewardship. I am confident that this world-class property will make a meaningful contribution to the vibrant tourism landscape of Gujarat.” “Over the years, ITC has been expanding its presence in the state across agriculture, manufacturing and services. Our multi-dimensional interventions include farmer empowerment across a range of agri value chains, growing footprint of our manufacturing and hospitality assets as well as launching new initiatives like ITCMAARS (Metamarket for Advanced Agriculture and Rural Services), a ‘Phygital Eco-System’ that digitally empowers farmers with FPOs as the pivot. Stepping up our investments further, we are now constructing a state-of-the-art packaging unit at Nadiad, which will create significant livelihood opportunities in the State,” Puri added. ITC executive director Nakul Anand said: “The addition of ITC Narmada to our luxury hotel portfolio further strengthens our presence in Western India. Ahmedabad is rich in culture and traditions in a unique way – it has celebrated the culture of the intellect through the centuries, where literature, poetry, painting, sculpture, theatre, cinema, science, have not only blossomed, but are inherent to the ethos of Gujarat. In keeping with ITC Hotels' philosophy of Responsible Luxury and creating indigenous experiences, ITC Narmada is rooted to the ethos of the land and pays a tribute to these finest experiences that while being indigenous to the state are celebrated globally.”
BHUBANESWAR: The state government on Monday held an investors’ meet in Ahmedabad, Gujarat to showcase Odisha’s investment potential in textiles, metals, metal downstream, chemical and various other sectors. During the meet, state industries secretary Hemant Sharma made a presentation on Odisha’s business ecosystem and investment opportunities. Sharma emphasized on some of the advantages like a stable government, progressive policies, natural advantages, industry-led infrastructure development, availability of industrial land, port-led development model, and highly skilled human resources to attract investors to the state. Sharma also highlighted the zero-human-interface single window portal — Go Swift, ready-to-move industrial land parcels across the state and the competitive power and water tariffs which are enablers to set up industries and manufacturing units. State industries minister Pratap Keshari Deb, who inaugurated the meet, said that because of abundant natural resources and metal ecosystem advantage, Odisha has become a preferred location for enterprises in the metal and allied sectors. “The state government is promoting a Petroleum, Chemical, and Petrochemical Investment Region (PCPIR) in Paradip with Indian Oil Corporation Ltd as the anchor tenant. Another priority area for our state is food processing sector, which includes seafood processing as well,” said Deb. He said Odisha has a 480-km coastline and three fully functional ports at Paradip, Gopalpur, and Dhamra that connects the state to global trade channels. As the state government is going to host the third edition of Make in Odisha conclave, the flagship investors’ meet from November 30 to December 4, the minister extended invitation to the representatives of various industries, who attended the meet in Ahmedabad. Around 150 top executives from various industries participated in the meet. The minister also held one-to-one discussions with various industry leaders to explore the investment opportunities in the state.
AHMEDABAD: As the clock strikes 12 in the noon, a huge crowd gathers outside the Mandar at Sevala, a quaint village just 115 km from Ahmedabad city. The people who belong to the Satpanthi sect, which comprises members from the Hindu-Rabari as well as a few other communities, have come together to listen to the kathakars reciting the day-by-day account of the Battle of Karbala, leading to the martyrdom of Imam Hussain, the grandson of the prophet Mohammed. For nearly six centuries, Sevala - a part of Chanasma taluka in Patan district - has been a beacon of communal fraternity in Gujarat. Every year, Satpanthis along with their Muslim brethren observe mourning during the 10 days of Muharram which end with Ashura. "The Muharram 'katha' is held here during this period. People gather at the Mandar at noon. They listen to the katha in pin-drop silence till it gets over at 3pm. I have been attending the katha at the Mandar for more than 60 years now," says Jivrajbhai Desai, a 65-year-old Satpanthi residing in Sevala village. The tradition first began 600 years ago when Hazrat Pir Imam Shah Bawa visited Pirana village on the outskirts of Ahmedabad. He is believed to have founded the Sufi-inspired Satpanth (true path) faith by teaching tolerance and the universality of religions to the villagers. A roza - a combination of a mosque and tomb - dedicated to the Sufi saint exists here. Ali Haider Bawa of Kalupur, a descendant of Imam Shah Bawa, says, "We attend 1-2 readings at Sevala every year. The katha preaches the values of truth, non-violence, harmony, and restraint." Social activist Dev Desai says, "The Rabaris living in Patan and Banaskantha districts belong to the Satpanth sect which is centred around Pirana village. It is also called Auliya, known as the religion of saints. If a Satpanthi dies, there is a tradition of burying him/her at Pirana. My grandparents were also buried at Pirana."
AHMEDABAD: As many as 98 companies, including nine Gujarat-based firms, will take part in the campus placement to be organized by the Institute of Chartered Accountants (ICAI) this month. The Committee for Members in Industry and Business (CMIB) of ICAI conducted an orientation camp on Tuesday in which the schedule for the campus placement was announced. The campus placement will be held from August 24 to 31. According to the statement, 9,850 newly qualified CAs have enrolled. The companies would be offering 10,250 positions to the candidates which include 139 in Ahmedabad. Ranjeet Agrawal, the chairman of CMIB, said that this year demand for CAs is higher but there are not enough candidates. Sources said that the companies that are participating have offered positions with annual salary packages ranging from Rs 9 lakh to Rs 32 lakh. The companies include fintech, banking and finance sector firms in private as well as public sectors. Some of the participating firms are startups. Agrawal said that most of the teams from recruiters will be physically conducting campus interviews while there are some companies that have opted for online interviews. During the orientation programme, emerging trends were discussed including artificial intelligence, startups, litigation, consultancy and solutions.