Earlier this year, the government had revised the ceiling prices for bare metal stents and drug eluting ones. Last year, it slashed the rates by up to 85 per cent.
In case of bare metal stents (BMS), the government has increased the prices from current Rs 7,400 to Rs 7,660. The price of drug eluting stents (DES) has been lowered to Rs 27,890 from Rs 30,180.
Earlier, cardiac patients were not able to afford the stent procedure because of high cost and after the price cut, 1-1.5 lakh more patients are benefiting, he said.
India has over 6 crore cardiac patients, out of which 5-5.5 lakh undergo the stent procedure. About Rs 5,500-6,000 crore has been saved from the price capping of stents, Kumar said.
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Stating that the government's national health insurance scheme is a revolutionary step, Kumar said the initiative will provide health security cover to 10 crore vulnerable families.
"I conducted an internal study to know the demographic distribution of medicines. It revealed that 30 per cent of population was consuming 60 per cent medicines, while the rest of the population was consuming only 30 per cent medicines. To correct this, the Modicare has been launched," he explained.
As the demand for pharma and medical products will increase with this mega healthcare initiative, the industry needs to be prepared for that, the minister said.
Not only infrastructure, but also human resources requirement will increase and "all have to be prepared for that," he noted.
He further said the government has opened 3,177 Jan Aushadhi Kendras to provide quality drugs at affordable prices across the country. The plan is to open such kendras in each block in the country.
Talking about fertiliser sector, the minister said the work is in progress with respect to revival of sick urea plants and the Ramagundam plant in Telangana is expected to be commissioned by end of this year.
Talking about polymers, Kumar said India's demand for plastics is expected to double to 30 million tonnes by 2022 and the country does not have enough human resources especially plastic engineers and technicians to cater the industry need.
The government has set up 16 centres of the Central Institute of Plastics Engineering and Technology (CIPET) in the last three years taking the total number of CIPET centres to 27 in the country. The aim is to reach 50 centres by next year, he added.
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