Left Menu
Development News Edition

FICCI supports industry to come up with 'Code of Conduct' for e-Pharmacies

FICCI has been dynamically involved in the policy, strategy and capacity building for this very important sector.

FICCI supports industry to come up with 'Code of Conduct' for e-Pharmacies
e-Pharmacies operate on the inspiration taken from Prime Minister Mr. Narendra Modi’s vision of 'Digital India'. Image Credit: ANI

The growth of the internet has given rise to various technology-driven models to access and serve consumers in a fast-paced and most efficient way. A recent innovation that has positioned itself as an attractive model in the healthcare space is e-Pharmacy, which in a span of just 4 years, is successfully catering to a huge number of consumers across the country. Federation of Indian Chambers of Commerce & Industry (FICCI) has been actively working to drive innovative models for healthcare access. FICCI has been dynamically involved in the policy, strategy and capacity building for this very important sector. The Chamber also supported the industry to come up with a 'Code of Conduct' for e-Pharmacies in the country to ensure proper compliance and high standards of operation and ensure there is no compromise in patient safety.

e-Pharmacies operate on the inspiration taken from Prime Minister Mr. Narendra Modi's vision of 'Digital India'. Currently, there are 50+ start-ups operating in e-Pharmacy space in the country, which provides quality and affordable medicines to about 50 lakh patients per month across the country and has served patients across 19000 + PIN codes. About 30,000 skilled professionals are employed by the sector. The e-Pharmacy sector has attracted Rs 4000 crore plus in FDI from some of the top global investors, and another Rs 2000 crore is expected in the next 2 to 3 years. Thus, the sector has huge potential to attract FDI, which directly contributes towards the economic development of the country. Moreover, in e-Pharmacies, all transactions have a complete digital trail and can be fully tracked bringing transparency in the pharma supply chain. Every order dispensed through e-Pharmacy is against a prescription and has a valid bill, therefore, tax to the government is paid in full.

e-Pharmacy is well covered under existing laws. There is no violation of any existing act and rules in the current e-Pharmacy model. However, there are certain difficulties that the sector has been facing towards ease of doing business due to regulatory uncertainty. This is because of the pending Draft e-Pharmacy Rules. e-Pharmacy Draft Rules Provide Sector-Specific e-Commerce regulations - aim to harmonize existing laws/guidelines. This is similar to other sectors like FSSAI Guidelines for e-Commerce Food Operators.

The delay in the notification of e-Pharmacy draft rules is causing confusion and anxiety for all the stakeholders involved in the digital health ecosystem.

Mr. Prashant Tandon, Chairperson, FICCI e-Pharmacy Working Group, said, "e-pharmacies abide by FICCI Code of conduct for e-Pharmacies, and comply with the laws of the land. All the orders for prescription-based medicines are processed only against a copy of the valid prescription and are dispensed by a licensed pharmacy having a registered pharmacist. e-Pharmacies strictly do not accept orders for habit-forming medicines, narcotics, or any other sensitive medicines. Additionally, given the importance of the e-Pharmacy sector globally, several large investors have recently reached out to the e-Pharmacy players, expressing concern about the general investment and regulatory climate in India and have asked for clarifications. Given the government's solid track record in making India 'Open for Business' we have been trying to allay their fears".

e-Pharmacies in the country align very well with the national development objectives. It has also been observed that the growth of e-Commerce and retail are complementary and reinforce each other. By leveraging the technology in a smart way and under appropriate regulatory control, the the-Pharmacy sector has the scope of adding immense value to the existing pharmacy retail industry, and also the overall healthcare sector. However, the delay in notifying the e-Pharmacy rules is causing a lot of issues for the e-Pharmacy players in terms of ease of doing business, as a simple and clear regulatory pathway is a prerequisite for innovation to thrive in this important sector. FICCI is committed to working with the government for ensuring that patients across the country have access to quality and affordable medicines and healthcare through a very efficient supply chain. We hope the government would take into account the importance of digitization in healthcare space which eventually leads to an empowered consumer, and we request the government to notify the Draft e-Pharmacy Rules at the earliest.

Download The Devdiscourse News App for Latest News.



Beware! Maximum cyber criminals eye your personal data

A report of the World Economic Forum revealed that cyber security is increasingly becoming an issue of public security as the majority of cyber criminals are increasingly targetting individual internet users. This requires preventive measur...

WEF 2020: Trump seems politically correct in pulling out from Paris Agreement

If the survey of the World Economic Forum WEF is believed, Trump seems to enjoy the confidence of his people in flaying climate intuitions and climate activists. His preference for economic development over environmental protection not only...

From home to healthcare, here are Robotic innovations transforming lives

Lovot is equipped with more than 50 sensors such as thermography, microphone array, obstacle detection, and touch sensor to generate motion and emotions in real-time....

Translating words to deeds: Achieving gender parity in access to financial resources

... ...


Latest News

Tennis-Kenin beats Jabeur to reach maiden Grand Slam semi-final

American Sofia Kenin saw off big-hitting Tunisian Ons Jabeur 6-4 6-4 at the Australian Open on Tuesday to reach her first Grand Slam semi-final. Kenin, 21, broke early on the way to winning the opening set but Jabeur, the first Arab woman t...

HIGHLIGHTS-Tennis-Day nine at the Australian Open

Highlights of the ninth day at the Australian Open, the first Grand Slam tournament of the year, on Tuesday times AEDT GMT111249 KENIN FELLS JABEUR TO SEAL SEMI-FINAL SPOTAmerican Sofia Kenin fired 34 winners in a solid 6-4 6-4 victory over...

Extraordinary growth potential in US-India defence trade: Boeing official

India offers growth and productivity opportunities for the global aerospace industry and there is extraordinary potential for the defence trade and partnerships to grow between India and the US, a top Boeing official has said. Dennis D Swan...

PRESS DIGEST- Financial Times - Jan. 28

The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy. HeadlinesUK financial watchdogs pension plan hit by fellow regulator httpson.ft.com2U5g7zZ Airbus poised...

Give Feedback