Pradeep Dadha, Founder & CEO, Netmeds.com, India Ki Pharmacy on Start-ups and Generic Drugs

‘It is a very welcome and innovative move by the government’

The announcement to make available quality medicines at affordable prices by reinvigorating the supply of generic drugs, through opening of 3,000 stores in 2016-17, under Prime Minister’s Jan Aushadhi Yojana, is a very welcome and innovative move by the government.

Online pharmacies in India like Netmeds.com, which have started up in India in the last one year or so will also contribute to the government’s intent by providing affordable generic drugs across the country by supplying to remote location through online connectivity. The 100 per cent tax exemption for three of the first five years announced in the budget to start-ups will also help online pharmacies and aggregators of prescription and generic drugs to cater to the vision of providing affordable generic drugs in a more long-term and sustainable way.