MSME Pharma units get breather as govt extends Schedule M deadline

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MSME Pharma units get breather as govt extends Schedule M deadline - Business Standard

Quick Summary:

Rajesh Gupta, all-India head of LUB and state president of the Himachal Pradesh Drug Manufacturers Association, expressed gratitude to the government for granting the conditional extension.

The decision to extend the deadline follows representations from pharma bodies highlighting challenges faced by small and medium-sized units in adhering to the revised GMP norms.

Initially, pharmaceutical companies with an annual turnover exceeding Rs 250 crore were given six months to comply with the revised Schedule M norms, while those with a turnover of Rs 250 crore or less were provided a 12-month deadline.