Updated on 19 August 2013
He added that the Indian government should develop a holistic approach and look at global companies as being part of the solution. "All stakeholders must come together to find sustainable solutions that balance the need for innovation with the need for medicines that are affordable, all within a robust intellectual property rights environment," he said.
Mr Shahani suggested setting up of fast-track courts to address IP disputes and also focused on foreign direct investment in the pharmaceutical sector for better growth.
The foreign direct investment (FDI) would lead to upgrading of the country's skills in the sector, he opined. As president of the Organisation of Pharmaceutical Producers of India (OPPI), he said, "One area that needs to be re-looked at by government is FDI in both brownfield and greenfield ventures in the pharmaceutical space. India needs to upgrade her pharmaceutical skills and FDI should be looked at in this context."