India's Drug and Cosmetics Bill, which is being considered by the country's Parliament, would better serve patients by making a distinction between drugs and medical devices and allowing the country to better regulate the latter, AdvaMed India said Wednesday. The current system "has created ambiguity about safety standards and quality control, and limited the ability of the medical device industry to address issues of access, availability, affordability and safety," AdvaMed India said in a statement. The bill would create a framework for medtech regulation in India that is in line with international standards, the group said.
Ikea's plan to build 25 stores in India has run into trouble after officials ruled that the retailer could sell furniture but not food. Ikea is protesting the decision, which would force the company to alter its business model and might leave Indians unable to purchase the furniture giant's renowned Swedish meatballs.
Special binders that extend a structure's life by a factor of five have been developed by Lafarge India to meet the needs of India's price-sensitive rural markets. The cement firm understands that the need for localization is key to growth, which is why it is focusing on innovation to secure its place when India becomes the world's third-largest construction market in 2017.
Coca-Cola India is set to introduce orange, apple and grape Minute Maid juices, and recently formed a separate division to focus on juices in India. The pure juice market in India is dominated PepsiCo's Tropicana and Dabur's Real, but Coca-Cola is planning a major push, with Leo Burnett handling the creative.