Role of BDMA
The association aims to provide a platform for discussions among member industries on key issues affecting the Bulk Drug sector, including national, technical, economic, and commercial policies. By facilitating dialogue, it helps in formulating collective industry views to ensure that members’ concerns are effectively represented.
Fostering collaboration and mutual support among members is another key objective. By encouraging cooperation, the association creates a strong network that can collectively address challenges, share best practices, and drive industry progress.
Advocacy is a crucial function, as the association represents its members’ interests in legislative and regulatory matters at both state and central levels. It works to influence policies that support the sustainable growth of the Bulk Drug sector, ensuring that industry perspectives are considered in decision-making.
Additionally, the association disseminates vital industry-related information through publications, reports, and circulars. This helps members stay informed about regulatory updates, market trends, and technological advancements, allowing them to remain competitive in a rapidly evolving industry.
Promoting research and innovation is another priority. The association encourages the development of new technologies and supports the discovery of beneficial inventions that enhance efficiency and global competitiveness in Bulk Drug manufacturing.
Lastly, it is committed to developing strategies to strengthen both domestic and export markets for Indian-manufactured Bulk Drugs. By identifying growth opportunities and addressing trade challenges, the association helps position India as a key player in the global pharmaceutical market.