Challenges in Implementation of Green Chemistry in Indian Pharmaceutical Sector
Arushi Kapoor
Symbiosis Institute of Management Studies, Symbiosis International (Deemed University) Pune, Maharashtra, India.
Smita Mehendale *
Symbiosis Institute of Management Studies, Symbiosis International (Deemed University) Pune, Maharashtra, India.
*Author to whom correspondence should be addressed.
Abstract
The alarming environmental pollution caused by pharmaceutical Industries has led to the growing importance of Green Chemistry in India. It is high time that the pharmaceutical industry that is considered as a red category by the environment ministry, adopts green chemistry & green technology to address this issue. This study aims to find out the major barriers to implementing green technology in the pharmaceutical sector. Integrated Structural Modelling method & MICMAC Analysis has been adopted to identify a structure by which the pharmaceutical industries can implement green technology. An extensive literature review & discussions with industry experts led to identifying ten major challenges to the adoption of green technology in the pharmaceuticals. Economic &financial barriers & regulatory barriers have been identified as the major barriers. This study brought out a lack of consolidation of knowledge in this field as a challenge to the implementation of green practices, which has been largely ignored in previous studies and needs to be addressed.
Keywords: Green Pharma, ISM, Green Chemistry, pharmaceutical Industry, Sustainability, pharmaceutical, green Chemistry Barriers, MICMAC analysis, Interpretive structural modeling, Green Technology