Lead Story

Under The Weather- Part 1

The domestic pharma industry, which is already battling the US FDA, has now to contend with regulatory challenges at home

Mitesh Shah has made a quiet fortune over the last decade. As a chemist in Thane’s sprawling Hiranandani Estate, he has a steady clientele of patients and doctors that keep his cash registers ringing. Three years ago, he spent a steep Rs. 2 crore in buying a large apartment in the township. Even with new chemists entering the area over time, his business has remained largely unaffected.