Hotline: 1800 102 2007
X
Search Business Opportunities
Oct, 01 2018

NITI Aayog partners with Oracle, Apollo Hospitals, Strides Pharma to weed out fake drugs

The partners will pilot a real drug supply chain using blockchain decentralized ledger and internet of things (IoT).

In order to curb fake medicines, NITI Aayog has partnered with Oracle, Apollo Hospitals and Strides Pharma Sciences to work on a real drug supply chain using blockchain technology.

The partners will pilot a real drug supply chain using blockchain decentralized ledger and internet of things (IoT).

Amitabh Kant, CEO of NITI Aayog, said, "The problem of fake and counterfeit drugs is a major issue, costing the Indian pharma industry billions. At the same time, it’s putting patients at higher risk. This agreement with Oracle and our partnership with Apollo Hospitals and Strides Pharma, will help ensure all Indian drug manufacturers and healthcare experts have access to a standards-based, modern technology platform – blockchain and IoT, to help eliminate fake drug distribution." 

The Indian pharmaceutical industry is the third largest in the world in volume, which accounts for 10% of the world’s production. 

Shailender Kumar, regional Managing Director of Oracle India, said, "With blockchain, every movement of the drug through its supply chain is recorded – that way, the drug supply chain is completely transparent, secure, decentralized and verifiable. We believe blockchain and IoT can play a significant role in ceasing fake drug distribution and we are all geared to work with NITI Aayog in this major program."

Comment
Related opportunities
  •    Become WIISE partner and be part of India’s fastest growing Award winn..
    Locations looking for expansion Delhi
    Establishment year 2017
    Franchising Launch Date 2018
    Investment size Rs. 5lac - 10lac
    Space required 160
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Others Food Service
    In 2007 Xotik Frujus Pvt. Ltd., was incorporated and has ever since..
    Locations looking for expansion Maharashtra
    Establishment year 2007
    Franchising Launch Date 2008
    Investment size Rs. 10lac - 20lac
    Space required 600
    Franchise Outlets -NA-
    Franchise Type -NA-
    Headquater Kandivali east Maharashtra
  • Bakery & Confectionary
    About Us: Millie's Cookies is an international chain of small format retail..
    Locations looking for expansion Delhi
    Establishment year 1985
    Franchising Launch Date 2018
    Investment size Rs. 30lac - 50lac
    Space required 250
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Laundry & Dry Cleaning
    About : Started in 2015, Spin N Press is a growing..
    Locations looking for expansion Maharashtra
    Establishment year 2015
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 150
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities