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Posted on Nov 28, 10:50AM | UNI
Veteran industrialist and one of the pioneers of Indian pharmaceuticals industry, Indravadan Modi, the chairman of Cadila Pharmaceuticals and group companies, died after a brief illness here today, family sources said.
He was 87, and is survived by his wife Sheela and son Dr Rajiv Modi.
Born in a small village of Hansot in Bharuch district in South Gujarat on February 18, 1926, Mr Modi has left a long lasting impact on Indian pharmaceuticals industry and was very active till the last moment.
Mr Modi is revered in the Indian pharmaceutical industry as the Champion of the industry in attaining its present global status. He played a major role in giving shape to the 1986 Drug Policy of Government of India.
Mr Modi represented the National Working Group on Patent Laws, India (NWGPL) and Indian Drug Manufacturers' Association (IDMA) on the subject 'Patent Regime' proposed in the Uruguay Round at Delhi 1993.
He effectively championed the cause of national sector of the pharma industry and became a rallying point against the new patent regime during its consideration stages. He was also member of many educational and social organizations and government bodies.