Indian pharma exports grow at 18% to 24.44 billion in FY 21 despite COVID-19
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Pharma exports from India witnessed over 18 per cent growth to USD 24.44 billion during the last financial year against USD 20.58 billion in FY20, Pharmaceuticals Export Promotion Council of India (Pharmexcil) said on Saturday. We have observed a big leap in our exports in the month of March 2021 which is USD 2.3 billion (figures for March are provisional) and is highest among the exports of all the months of this financial year, the growth rate for this month is 48.5 per cent against the exports in March 2020 (USD 1.54 billion), Udaya Bhaskar, Director General of Pharmexcil said in a release.
Indian pharma exports grow at 18 percent to 24.44 bn in FY 21
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Synopsis We have observed a big leap in our exports in the month of March 2021 which is USD 2.3 billion (figures for March are provisional) and is highest among the exports of all the months of this financial year, the growth rate for this month is 48.5 per cent against the exports in March 2020 (USD 1.54 billion), Udaya Bhaskar, Director General of Pharmexcil said in a release.
AP
North America is the largest exporting region for Indian pharmaceuticals with more than 34 per cent share.
India has reported a growth of 18.07% in pharmaceutical exports that touched an all-time high of $24.44 billion during the fiscal ended March 2021, up from $20.58 billion in the previous fiscal.
Pharmaexcil DG Udaya Bhaskar said that growth rate seems relatively big as the exports of March 2020 was crunched due to lockdown across the world and supply chain disruption.
Rs 8 lakh crore investment in pipeline in Indian chemical industry by 2025: Sadananda Gowda ANI | Updated: Mar 17, 2021 23:23 IST
New Delhi [India], March 17 (ANI): Union Minister of Chemicals and Fertilizers, DV Sadananda Gowda on Wednesday said that Rs 8 lakh crore investment are in the pipeline in the Indian chemical industry by 2025.
Gowda inaugurated the 11th Edition of India Chem 2021 in New Delhi with the theme India: Global Manufacturing hub for chemicals and petrochemicals on Wednesday. He stated that the Indian chemicals and petrochemicals industry is growing to new heights, and informed that an investment of Rs 8 lakh crore is anticipated in the sector by 2025.
At a meeting of the Union Cabinet chaired by Prime Minister Narendra Modi, it was decided that everyone above 60 years of age and those over 45 years with comorbidities will be able to get the COVID-19 vaccine from March 1 for free at government facilities and for a charge at many private hospitals.