Chemists’ body writes to Mukesh Ambani against RIL’s investment in Netmeds

All India Organisation of Chemists and Druggists (AIOCD), which represents more than 850,000 members across the country, has written a letter to Mukesh Ambani, chairman and managing director of Reliance Industries Limited (RIL), against the company’s acquisition of majority stake in online pharmacy firm Netmeds.

The letter has also been addressed to Prime Minister Narendra Modi, Union Home Minister Amit Shah, Commerce and Industry Minister Piyush Goyal and other top ministers and government officials.

AIOCD said it is “very disheartening” to see that a company of Reliance Industries’ stature, has invested in an industry which is still illegal. It said this industry is not recognised under the Drugs & Cosmetics Act under which the import, manufacture, sale and distribution of drugs is regulated.