Tuesday, November 28, 2023

Rat holes to billions.

"Drug makers are seeking to limit their reliance on Chinese contractors who produce drugs used in clinical trials and early-stage manufacturing, a move that is benefiting rivals India," even though, "China has for nearly 20 years been the preferred location for a range of pharmaceutical research and manufacturing services." TBS. As a result, "India's pharmaceutical business may exceed USD 130 billion by 2030, supported by expanding market opportunities and heightened demand in the overseas markets, industry experts said." "The business stood at over USD 50 billion for the 2022-23 fiscal they noted." ET. "India is expected to become a USD 30-trillion economy by 2050 pushed by robust consumption and exports, HDFC Bank chairman and former economic affairs secretary Atanu Chakraborty said." ET. "Investors have about $2 trillion of funds available to invest, and about $100 to $150 billion of that is focused on India, according to Anu Aiyengar, JP Morgan Chase & Co's global head of mergers and acquisitions. TOI. All that is fabulous and we can puff out our chests to a full 56 inches, but what is the reality? "When heavy machinery broke down trying to break through the debris trapping 41 workers in a tunnel in the Indian Himalayas, authorities called in a group of people whose profession is effectively banned in the country - 'rat-hole mining'." Reuters. "It was a difficult task, but for us nothing is difficult," said a beaming Firoz Qureshi, one of the miners, standing with his fellow workers outside the tunnel, their faces patched with white dust after the overnight drilling." "When we saw them inside the tunnel after the breakthrough, we hugged them like they were family," said Nasir Hussain, one of the six miners." Whoa, hang on a minute. These are Muslim names. They succeeded when all our ace engineers failed, breaking 3 expensive drilling machines in the process? This must be subversion. They must be charged under the UAPA, like the 7 students of the Sher-e-Kashmir University of Agricultural Sciences & Technology (SKUAST) who were arrested for celebrating India's loss against Australia in the Cricket World Cup by chanting "Long Live Pakistan" and have been held under the draconian Unlawful Activities (Prevention) Act (UAPA) invoked in terror cases. TOI. Whereas, 11 men convicted of the gangrape of a pregnant Muslim woman and killing 14 members of her family, including her 3-year-old daughter were released early on Independence Day last year for good behavior and greeted with sweets and garlands. BBC. Regarding pharma exports of $130 billion, "More than 65% of MSME (micro, small and medium enterprise) firms have been found to be manufacturing drugs that are not of standard quality (NSQ) during risk-based inspections." ET. This heroic act may have been forced after, "The relatives of 20 Gambian children whose deaths were linked to toxic cough syrups made in India have sued Maiden Pharmaceuticals." More than 70 children were killed. Surely, that deserves a charge under UAPA? Billions of dollars won't come through rat holes. Need knowledge and integrity. But, how?

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