Union Budget Reaction - Dr. Rajiv Modi - Chairman and MD, Cadila Pharmaceuticals Ltd

Dr. Rajiv Modi - Chairman and Managing Director, Cadila Pharmaceuticals Ltd

"The Modi government in its first budget has addressed the current challenges facing the Indian economy by taking key measures to stimulate the investment climate, revive growth and create a sustainable growth model. Healthcare has received special attention in the budget and the government has put greater emphasis on providing quality affordable healthcare and strengthening the existing healthcare infrastructure. Setting up of 15 model rural health research centers will be very important in providing access to quality healthcare in rural India.

Strengthening the network of AIIMS and launching new initiatives like Free Drug Service and Free Diagnosis Service are steps in the right direction. The government has taken an excellent initiative in proposing to set up two national institutes for early diagnosis and treatment of TB patients.

Decision to set up new drug testing laboratories and strengthening the 31 existing State laboratories is a noteworthy step which will provide assistance to the States' Drug Regulatory and Food Regulatory Systems.

We at Cadila Pharmaceuticals, are guided by the vision of our Founder Chairman, Shri I A Modi, who believed in providing affordable medicines for the masses through innovative research & development (R&D) and welcome this budget as a positive step towards nation building".

Source : Equity Bulls

Keywords