Indian Drugs and Pharmaceuticals explained

Indian Drugs and Pharmaceuticals Limited
Type:Public sector undertaking
Foundation:1961
Location:New Delhi
Hyderabad
Gurgaon
Rishikesh
Products:Drugs and pharmaceuticals
Homepage:Official website

Indian Drugs and Pharmaceuticals Limited (IDPL) is a public sector pharmaceutical, bulk drug manufacturing and drug discovery company owned by the Indian government, headquartered in New Delhi, and located in Hyderabad, Gurgaon and Rishikesh.:[1] The company is involved in patent development alongside, National Institute of Pharmaceutical Education and Research to provide affordable drugs, and has recently released three over the counter drugs.[2] [3]

A new formulation unit was inaugurated in Hyderabad in February 2017.

Many attempts have been made to revive IDPL, declared sick by the Board for Industrial and Financial Reconstruction. The Government of India is exploring ways of strategically selling the unit and meet outstanding liabilities. On the 9th of February 2021, the Government of India announced the liquidation of IDPL.[4]

See also

Notes and References

  1. http://pharmaceuticals.gov.in/cpsu.pdf
  2. Web site: IDPL Introduces Three New OTC Drugs - Pharmaceuticals & Healthcare Insight . 30 May 2011 . https://web.archive.org/web/20120324184009/http://www.pharmaceuticalsinsight.com/file/99425/idpl-introduces-three-new-otc-drugs.html . 24 March 2012 . dead .
  3. Web site: Department of Chemicals and Petrochemicals-Ministry of Chemicals and Fertilizers-Pharmaceuticals . 30 May 2011 . https://web.archive.org/web/20110611025211/http://chemicals.nic.in/pharma_idpl.htm . 11 June 2011 . dead .
  4. News: Govt has decided to shut 2 pharma PSUs, disinvest other 3: Govt tells LS. Business Standard India. 9 February 2021. Press Trust of India.